Auto Club: Gas Prices Begin to Level Off; Prices Could be Stable for Thanksgiving Holiday.News/Travel Editors & Automotive Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Nov. 15, 2002 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 throughout the southwest started to level off last week, possibly indicating that pump prices could remain close to their current levels through the Thanksgiving Thanksgiving annual U.S. holiday celebrating harvest and yearly blessings; originated with Pilgrims (1621). [Am. Culture: EB, IX: 922] See : America Thanksgiving national holiday with luxurious dinner as chief ritual. [Am. Pop. holiday period, 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 Weekend Gas Watch, compiled by the Automobile Club of Southern California The Automobile Club of Southern California was founded December 13, 1900 in Los Angeles as one of the nation's first motor clubs dedicated to improving roads, proposing traffic laws and improvement of overall driving conditions. . The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips. Currently, the average price of self-serve regular unleaded gasoline in the Los Angeles-Long Beach area is $1.600 per gallon gallon: see English units of measurement. , which is nine-tenths of a cent higher than last week's price, 4 cents higher than last month and 32 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 $1.672 which is 1.7 cents higher than last week's level, 5 cents above last month and 21 cents more than last year. Motorists in the central coast have an average price of $1.649, which is one-tenth of a cent below last week's price, unchanged from last month and 23 cents higher than last year. "Prices at the wholesale level, which had been rising during the previous month, have started to back off a little and it usually takes a week or so for that to be reflected at the retail pump," Auto Club spokesperson Carol Thorp said. "In the near term, prices could climb a little more, but in all likelihood they will stay within a couple of cents of where they are now."
Average prices as of 12:01 a.m., Nov. 15:
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $1.600 +0.9 cents $2.036 (5/25/01)
San Diego $1.672 +1.7 cents $2.025 (5/29/01)
Santa Barbara-Santa Maria-
Lompoc $1.649 -0.1 cents $2.069 (5/16/01)
Las Vegas $1.449 +1.8 cents $1.885 (3/27/00)
Phoenix-Mesa, Ariz. $1.374 Same $1.720 (5/30/01)
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