Auto Club: Gas Prices Keep Decreasing but the Pace is Slow.Energy Editors/News Editors/Feature Editors/Business Editors/Automotive Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Sept. 19, 2003 For the third consecutive week, 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 declined 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, , but motorists still are paying average prices well above $2 per gallon gallon: see English units of measurement. , despite a marked decrease in the cost of a barrel of crude oil, 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 $2.064 per gallon, which is 4.5 cents lower than last week, 24 cents higher than last month and 45 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 $2.083, which is 5.1 cents below last week's level, 22 cents higher than last month and 42 cents higher than last year. Motorists in the Central Coast pay an average price of $2.165, which is 3.9 cents lower than last week's price, 26 cents higher than last month and 46 cents higher than last year. "The cost of crude oil has declined to about $27 per barrel and gasoline prices on the wholesale level and spot markets have dropped steeply for a couple of weeks, but retail prices have moved lower incrementally," said Carol Thorp, Auto Club spokesperson. "It appears that oil companies are still taking profits taking profits See profit taking. ." The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips. Average prices as of 12:01 a.m., Sept. 19:
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $2.064 -4.5 cents $2.167 (3/22/03)
San Diego $2.083 -5.1 cents $2.211 (3/20/03)
Santa Barbara-
Santa Maria-Lompoc $2.165 -3.9 cents $2.233 (8/27/03)
Las Vegas $1.873 -4.3 cents $2.063 (3/25/03)
Phoenix $1.959 -5.3 cents $2.146 (8/26/03)
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