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Auto Club: Gas Price Down for the 4th Straight Week.


LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  -- Gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by  imports from Venezuela boosted the nation's inventories last week contributing to downward pressure on pump prices in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the Automobile Club of Southern California's Weekend Gas Watch. Gasoline prices began declining May 29, but they are 69 cents higher than at the beginning of 2004.

The average price of self-serve regular gasoline in the Los LOS Length of stay, see there  Angeles-Long Beach area is $2.289 a gallon, which is 3 cents lower than last week, 7 cents lower than last month and 51 cents higher than last year. In San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , the price is $2.263, which is 3.7 cents below last week, 11 cents lower than last month and 48 cents above last year. On the Central Coast, the average price is $2.425, which is down 3.1 cents from last week, 5 cents below last month and 54 cents higher than last year.

"International refiners are like the cavalry cavalry, a military force consisting of mounted troops trained to fight from horseback. Horseback riding probably evolved independently in the Eurasian steppes and the mountains above the Mesopotamian plain. By 1400 B.C. , riding to the rescue of overcharged motorists," said Auto Club spokesperson, Carol Thorp. "Earlier this year, we doubted that gasoline could be imported in quantities sufficient to impact retail prices. But Venezuelan gas has helped build the nation's inventories, sending prices lower here in Southern California. We expect pump prices to continue drifting lower through the July 4th holiday period and possibly into the middle of next month."

The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., June 25.
Area                      Regular    Change from      Record Price
                                      last week

Los Angeles-Long Beach    $2.289     -3.0 cents     $2.368 (5/28/2004)

Orange County             $2.265     -3.7 cents     $2.353 (6/01/2004)

San Diego                 $2.263     -4.3 cents     $2.373 (5/26/2004)

Santa Barbara-Santa
 Maria-Lompoc             $2.425     -3.1 cents     $2.489 (5/29/2004)

Riverside-San
 Bernardino               $2.292     -4.6 cents     $2.399 (6/01/2004)

Bakersfield               $2.294     -4.1 cents     $2.383 (6/01/2004)

Las Vegas                 $2.139     -6.3 cents     $2.279 (5/26/2004)
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 25, 2004
Words:334
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