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Auto Club: Gas Prices Spike for Second Straight Week.


Business Editors/Automotive Writers

LOS LOS Length of stay, see there  ANGELES--(BUSINESS WIRE)--Jan. 10, 2003

Rising prices for crude oil on world markets have pushed up the price of 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 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,  for the second 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. .

The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips.

Currently, the average price of self-serve regular unleaded gasoline in the Los Angeles-Long Beach area is $1.607 per gallon gallon: see English units of measurement. , which is 4.6 cents higher than last week's price, 5 cents higher than last month and 57 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 $1.661, which is 3.9 cents higher than last week's level, 3 cents higher than last month and 42 cents higher than last year. Motorists in the central coast have an average price of $1.664, which is 4 cents higher than last week's price, 7 cents higher than last month and 52 cents higher than last year.

"Uncertainties about possible hostilities in the Middle East have caused crude oil prices to shoot up on world markets and that has an impact here in Southern California," said Carol Thorp, Auto Club spokesperson. "Oil producing countries are scheduled to meet this weekend to discuss an increase in production. If more crude flows onto world markets, economic uncertainties could ease, at least in the near term. That might bring down prices that we see at the pump."

Average prices as of 12:01 a.m., Jan. 10:

Area                     Regular      Change           Record Price
                                      from last week

Los Angeles-Long Beach   $1.607       +4.6 cents      $2.036 (5/25/01)

San Diego                $1.661       +3.9 cents      $2.025 (5/29/01)

Santa Barbara-Santa Maria-
Lompoc                   $1.664       +4.0 cents      $2.069 (5/16/01)

Las Vegas                $1.419       +3.0 cents      $1.885 (3/27/00)

Phoenix-Mesa, Ariz.      $1.347       +2.6 cents      $1.720 (5/30/01)
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Publication:Business Wire
Date:Jan 10, 2003
Words:330
Previous Article:Tom Reid Rejoins Davis Polk & Wardwell.
Next Article:Corporate Profile for Tandus Group, dated Jan. 10, 2003.



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