Auto Club: Gas Prices Crest and Start Moving Lower.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. -- After five weeks of increases when 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 climbed close to all-time record highs, the price of regular gas has crested and started moving lower in some areas, 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. The average price of self-serve regular gasoline in the Los LOS Length of stay, see there Angeles-Long Beach area is $2.579, which is unchanged from last week, 13 cents higher than last month and 40 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 $2.610 -- four-tenths of a cent below last week, 13 cents above last month and 42 cents above last year. On the Central Coast, the average price is $2.678, down one-tenth of a cent from last week, 14 cents higher than last month and 34 cents higher than last year. In the Inland Empire In·land Empire A region of the northwest United States between the Cascade Range and the Rocky Mountains, comprising eastern Washington, eastern Oregon, northern Idaho, and western Montana. Farming, lumbering, and mining are important to the area. , the average price is $2.555, down 1.3 cents from last week, 13 cents above last month and 37 cents higher than last year. "For a good part of the summer, oil and gas markets have been whipsawed Whipsawed Buying stocks just before prices fall and selling stocks just before prices rise in a volatile market, often as the result of misleading signals. , first by fears that there would be oil shortages this winter, then by two hurricanes," said Auto Club spokeswoman Carol Thorp. "However, there is plenty of oil and gas to meet demand that is lower than expected. Motorists can expect to see slowly declining gasoline prices for the next couple of weeks, at least." The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., July 29:
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $2.579 0.0 cents $2.625 (4/13/2005)
Orange County $2.558 0.0 cents $2.605 (4/21/2005)
San Diego $2.610 -0.4 cents $2.626 (4/12/2005)
Santa Barbara-Santa Maria-
Lompoc $2.678 -0.1 cents $2.730 (4/29/2005)
Riverside-San Bernardino $2.555 -1.3 cents $2.649 (4/13/2005)
Bakersfield $2.570 -1.3 cents $2.682 (4/22/2005)
Las Vegas $2.464 -1.7 cents $2.534 (4/14/2005)
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