Auto Club: Gas Prices Slip a Little Lower; Third Straight Week of Declines.Business Editors/Automotive Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--April 11, 2003 Falling prices at the wholesale level helped push 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 at the pump lower for the third consecutive week, 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 Weekend Gas Watch, compiled by the Automobile Club of Southern California The Automobile Club of Southern California was founded December 13, 1900 in Los Angeles as one of the nation's first motor clubs dedicated to improving roads, proposing traffic laws and improvement of overall driving conditions. . However, consumer price relief has lagged behind steeper steep 1 adj. steep·er, steep·est 1. Having a sharp inclination; precipitous. 2. At a rapid or precipitous rate: a steep rise in salaries. 3. a. wholesale price declines over recent weeks. Currently, the average price of self-serve regular unleaded gasoline in the Los Angeles-Long Beach area is $2.136 per gallon gallon: see English units of measurement. , which is 1.9 cents lower than last week's price, 11 cents higher than last month and 51 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 $2.178, which is 1.9 cents below last week's level, 11 cents above last month and 50 cents higher than last year. Motorists in the central coast have an average price of $2.172, which is 1.7 cents lower than last week's price, 10 cents higher than last month and 48 cents higher than last year. "Over the past week California's wholesale gasoline price has declined by five cents per gallon while retail prices of gasoline in the L.A.-Long Beach went down less than two cents," said Carol Thorp, spokesperson for the Automobile Club of Southern California. "There is always a lag between movement at the wholesale and retail level, so we can expect to see prices at the pump decline between four and six cents per gallon over the next couple of weeks." The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips. Average prices as of 12:01 a.m., April 11:
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $2.136 -1.9 cents $2.167 (3/22/03)
San Diego $2.178 -1.9 cents $2.211 (3/20/03)
Santa Barbara-Santa Maria-
Lompoc $2.172 -1.7 cents $2.207 (3/22/03)
Las Vegas, NV $2.024 -3.1 cents $2.063 (3/25/03)
Phoenix-Mesa, AZ $1.954 -2.6 cent $2.003 (3/22/03)
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