Auto Club: Gas Prices Continue Dropping; Four Consecutive Weeks of Declines.Business Editors/Automotive Writers/Travel Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--July 18, 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, that for the previous three weeks had edged lower from week to week, took a steeper dip last week, 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 $1.727 per gallon gallon: see English units of measurement. , which is 2.7 cents lower than last week's price, 5 cents lower than last month and 11 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 $1.74, which is 2 cents below last week's level, 1 cent below last month and 12 cents above last year. Motorists in the central coast have an average price of $1.846, which is 2.4 cents lower than last week's price, 5 cents lower than last month and 17 cents higher than last year. "Wholesale prices have dropped about five cents per gallon in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). in the past couple weeks and that has had a big impact in the prices we pay at the pump," said Carol Thorp, spokesperson for 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. . "Dealers are enjoying a healthy profit margin, so with wholesale prices declining, we should see lower retail prices through at least the next couple of weeks." The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips. Average prices as of 12:01 a.m., July 18:
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $1.727 -2.7 cents $2.167 (3/22/03)
San Diego $1.747 -2.0 cents $2.211 (3/20/03)
Santa Barbara-Santa Maria-
Lompoc $1.846 -2.4 cents $2.207 (3/22/03)
Las Vegas $1.660 -1.6 cents $2.063 (3/25/03)
Phoenix $1.595 -2.5 cents $2.003 (3/22/03)
|
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion