Auto Club: Gas Prices on Month-Long Slide.News Editors/Business Editors/Travel Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--April 18, 2003 Since reaching record-setting levels in March, 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 have been on a four-week-long slide with more declines expected for at least the next couple of weeks, 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. . A decline in wholesale gasoline prices is credited with the continued decline in prices at the pump. Currently, the average price of self-serve regular unleaded gasoline in the Los Angeles-Long Beach area is $2.103 per gallon gallon: see English units of measurement. , which is 3.3 cents lower than last week's price, 2 cents lower than last month and 48 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 $2.119, which is 5.9 cents below last week's level, 5 cents below last month and 44 cents higher than last year. Motorists in the central coast have an average price of $2.141, which is 3.1 cents lower than last week's price, 1 cent lower than last month and 45 cents higher than last year. "For more than a month, wholesale gasoline prices have been on the decline and that has had a large impact on bringing down prices at the pump," said Carol Thorp, spokesperson for the Automobile Club of Southern California. "Because of the lag between wholesale and retail prices, motorists can expect prices to continue on a downward trend for at least 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 18:
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $2.103 -3.3 cents $2.167 (3/22/03)
San Diego $2.119 -5.9 cents $2.211 (3/20/03)
Santa Barbara-Santa Maria-
Lompoc $2.141 -3.1 cents $2.207 (3/22/03)
Las Vegas $1.988 -3.6 cents $2.063 (3/25/03)
Phoenix-Mesa, Ariz. $1.937 -1.7 cents $2.003 (3/22/03)
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