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Auto Club: Gas Prices Dip below $2 Per Gallon.


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.  -- For the first time in almost 11 months, the average price of a gallon gallon: see English units of measurement.  of regular 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  in the Los LOS Length of stay, see there  Angeles-Long Beach area dipped below $2 per gallon, 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. Today's price is $1.999 per gallon. On Feb. 23, 2004, a gallon of regular gas sold for $1.994 in the Los Angeles-Long Beach area.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $1.999 a gallon, which is 3.8 cents lower than last week, 24 cents lower than last month and 35 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 $2.028, which is 4.3 cents lower than last week, 24 cents below last month and 35 cents above last year. On the Central Coast, the average price is $2.124, which is down 6 cents from last week, 24 cents lower than last month and 37 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 $2.007, which is down 4.5 cents from last week, 26 cents below last month and 36 cents above last year.

"While it is notable that the average price of gas is below $2 per gallon for the first time since last February, it is not a reason for motorists to celebrate," said Auto Club spokesperson Carol Thorp. "Prices are about 35 cents higher than at this time last year and we expect that the downward trend in prices will end in the coming weeks."

The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., Jan. 7.
Area                         Regular   Change from    Record Price
                                        last week
Los Angeles-Long Beach        $1.999   -3.8 cents  $2.446 (10/21/2004)

Orange County                 $1.976   -3.6 cents  $2.441 (10/23/2004)

San Diego                     $2.028   -4.3 cents  $2.464 (10/21/2004)

Santa Barbara-Santa Maria-
 Lompoc                       $2.124   -6.0 cents  $2.570 (10/22/2004)

Riverside-San Bernardino      $2.007   -4.5 cents  $2.461 (10/21/2004)

Bakersfield                   $1.995   -3.9 cents  $2.437 (10/23/2004)

Las Vegas                     $1.867   -2.4 cents  $2.290 (10/20/2004)
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 7, 2005
Words:372
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