Auto Club: Gas Prices Decline for Second Week.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. -- 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 dipped slightly last week, for the second consecutive week, as the price of crude oil continued falling back from record-high levels set in October, 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 $2.405 a gallon, which is 2.8 cents lower than last week, 23 cents higher than last month and 67 cents above 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 $2.431, which is 2 cents lower than last week, 22 cents above last month and 69 cents higher than last year. On the Central Coast, the average price is $2.537, which is down 1.1 cents from last week, 21 cents higher than last month and 70 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 $2.433, which is down 1.8 cents from last week, 23 cents above last month and 72 cents above last year. "Speculation has been moderating on oil futures markets futures market, a commodity exchange where contracts for the future delivery of grain, livestock, and precious metals are bought and sold. Speculation in futures serves to protect both the developers and the users of the commodities from unfavorable and unpredictable and that has resulted in prices falling back from record highs last month," said Auto Club spokesperson Carol Thorp. "Lower crude futures have resulted in declining gas prices for the past two weeks. Unless crude prices rise again, we should see a trend of lower gas prices for several weeks." The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., Nov. 5.
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $2.405 -2.8 cents $2.446 (10/21/2004)
Orange County $2.397 -2.7 cents $2.441 (10/23/2004)
San Diego $2.431 -2.0 cents $2.464 (10/21/2004)
Santa Barbara-Santa Maria-
Lompoc $2.537 -1.1 cents $2.570 (10/22/2004)
Riverside-San Bernardino $2.433 -1.8 cents $2.461 (10/21/2004)
Bakersfield $2.407 -1.7 cents $2.437 (10/23/2004)
Las Vegas $2.264 -2.1 cents $2.290 (10/20/2004)
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