Auto Club: Gas Price Spike Slowing.News Editors/Automotive Writers/Travel Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Aug. 29, 2003 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 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, and the Southwest, after having rocketed upward for three weeks, appear to be reaching a plateau plateau, elevated, level or nearly level portion of the earth's surface, larger in summit area than a mountain and bounded on at least one side by steep slopes, occurring on land or in oceans. , 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. Currently, the average price of self-serve regular unleaded gasoline in the Los Angeles-Long Beach area is $2.137 per gallon, up 13.8 cents from last week, but only up 0.3 cents from yesterday. The Los Angeles/Long Beach price is still 44.7 cents higher than last month and 50.7 cents higher than this time 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 $2.177, which is 14.6 cents above last week's level, but only 0.3 cents higher than yesterday. The San Diego price is 46.5 cents higher than last month and 51.3 cents above last year. Motorists in the central coast pay an average price of $2.233, which is even with yesterday's price, 15.1 cents higher than last week's price, 42.1 cents higher than last month and 52.1 cents higher than last year. "The Arizona pipeline has been repaired, spot prices are more than 20 cents lower than last week, and following Labor Day Labor Day, holiday celebrated in the United States and Canada on the first Monday in September to honor the laborer. It was inaugurated by the Knights of Labor in 1882 and made a national holiday by the U.S. Congress in 1894. , demand should drop off," said Carol Thorp, Auto Club spokesperson. "These facts point to prices falling lower by mid-September. Gasoline inventories are still low, so the price decline won't be immediate." The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips. Average prices as of 12:01 a.m., Aug. 29:
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $2.137 +13.8 cents $2.167 (3/22/03)
San Diego $2.177 +14.6 cents $2.211 (3/20/03)
Santa Barbara-
Santa Maria-Lompoc $2.233 +15.1 cents $2.233 (8/27/03)(a)
Las Vegas $1.962 +14.3 cents $2.063 (3/25/03)
Phoenix, Ariz. $1.684 +14.8 cents $2.146 (8/26/03)(a)
Note a: Indicates price is a new record. |
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