Auto Club: Gas Prices Continue Higher; Drop in Crude Oil Prices Expected to Be Mirrored at the Pump.News Editors/Automotive Writers/Travel Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Jan. 30, 2004 The retail price of 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 increased last week throughout 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, on the strength of crude oil futures that had been trading near $36/barrel. But a decline to about $32/barrel likely will be reflected at the gas pump by next 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 automobile, self-propelled vehicle used for travel on land. The term is commonly applied to a four-wheeled vehicle designed to carry two to six passengers and a limited amount of cargo, as contrasted with a truck, which is designed primarily for the transportation of Club of Southern California's Weekend Gas Watch. The national average for gasoline increased by 2.9 cents per gallon gallon: see English units of measurement. . Currently, the average price of self-serve regular unleaded gasoline in the Los Angeles--Long Beach area is $1.778, which is 3.8 cents higher than last week. This price is 15 cents higher than last month and 13 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 $1.796, which is 3.5 cents above last week's level, 14 cents above last month and 9 cents higher than last year. Motorists in the Central Coast pay an average price of $1.868, which is 3.8 cents higher than last week's price, 11 cents above last month and 17 cents higher than last year. "Speculation speculation, practice of engaging in business in order to make quick profits from fluctuations in prices, as opposed to the practice of investing in a productive enterprise in order to share in its earnings. in oil futures is the primary cause of last week's price increase at the gas pump," said Carol Thorp, Auto (AUTOmatic) Refers to a wide variety of devices that perform unattended operations. Club spokesperson. "Demand for gasoline remains stable and there is ample supply. That's a combination that generally leads to lower prices. But within a couple of weeks, refineries 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). will begin preparing for the annual switch to summer-grade gasoline. That is expected to begin a cycle of price increases that could last for a couple of months." The Weekend Gas Watch monitors the average price of gasoline at metropolitan destinations throughout the nation. Average prices as of 12:01 a.m., Jan. 30:
Area Regular Change Record Price
from
last
week
Los Angeles-Long Beach $1.778 +$0.038 $2.167 (3/22/03)
San Diego $1.796 +$0.035 $2.211 (3/20/03)
Santa Barbara-Santa Maria-Lompoc $1.868 +$0.038 $2.233 (8/27/03)
The national average price of gasoline increased 1.3 cents per gallon
last week as demand for gas lessened and the nation's inventories
began filling up. Over the next 2-3 weeks, gas prices are expected to
stabilize or trend lower in some regions. By the beginning of
February, gas prices are expected to begin increasing. Some regions
may see steep upward trends lasting through the spring.
Area Regular Change Record Price
from
last
week
National Average $1.623 +$0.029 $1.737 (8/30/03)
New York $1.833 +$0.035 $1.968 (9/6/03)
Washington, D.C. $1.672 +$0.037 $1.797 (5/16/01)
Boston $1.662 +$0.036 $1.812 (9/3/03)
Philadelphia $1.648 +$0.030 $1.807 (9/3/03)
Atlanta $1.543 +$0.039 $1.589 (3/18/03)
Miami $1.696 +$0.034 $1.761 (3/18/03)
Chicago $1.742 +$0.050 $2.142 (6/19/00)
Detroit $1.651 +$0.061 $2.137 (6/20/00)
Kansas City, Mo. $1.476 -$0.013 $1.790 (6/21/00)
St. Louis $1.632 +$0.066 $1.767 (5/17/01)
Denver $1.519 +$0.044 $1.780 (6/5/01)
Dallas $1.562 +$0.026 $1.666 (5/12/01)
Houston $1.549 +$0.030 $1.639 (5/12/01)
Salt Lake City $1.578 +$0.024 $1.789 (9/4/03)
Las Vegas $1.736 +$0.038 $2.063 (3/25/03)
Phoenix $1.598 +$0.036 $2.146 (8/26/03)
Seattle $1.698 +$0.016 $1.969 (9/4/03)
San Francisco $1.898 +$0.034 $2.276 (3/19/03)
Honolulu $2.000 +$0.008 $2.054 (10/2/03)
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