Auto Club: Gas Prices Sharply Higher.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 spiked this week across 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, as speculators continued to bid up the price of gas, expecting that prices will rise even higher, 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 Angeles-Long Beach area is $2.404, which is 16.6 cents higher than last week, 10 cents higher than last month and 44 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 $2.456 -- 14.1 cents above last week's price, 12 cents above last month and 46 cents above last year. On the Central Coast, the average price is $2.561, up 15.1 cents from last week, 11 cents higher than last month and 45 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 $2.423, up 14 cents from last week, 9 cents above last month and 45 cents higher than last year. "Prices are rising primarily on speculation of investors who believe that prices will continue rising over the next few weeks," Auto Club spokesperson Carol Thorp said. "It's likely that prices could increase another 7-10 cents per gallon in the next week before they begin to level off, but even that plateau plateau, elevated, level or nearly level portion of the earth's surface, larger in summit area than a mountain and bounded on at least one side by steep slopes, occurring on land or in oceans. likely will be temporary." The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., Jan. 13:
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $2.404 +16.6 cents $2.999 (9/6/2005)
Orange County $2.377 +16.4 cents $2.970 (9/6/2005)
San Diego $2.456 +14.1 cents $3.060 (9/5/2005)
Santa Barbara-Santa Maria-
Lompoc $2.561 +15.1 cents $3.111 (9/7/2005)
Riverside-San Bernardino $2.423 +14.0 cents $3.030 (9/9/2005)
Bakersfield $2.445 +9.0 cents $3.167 (9/9/2005)
Las Vegas $2.319 +13.6 cents $2.968 (9/8/2005)
|
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion