Auto Club: Gasoline Continues Upward March, Setting New Records.Energy Editors/News Editors/Business Editors/Travel Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--May 14, 2004 Investor concern over whether 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 supplies will be sufficient to meet summer demand pushed gasoline prices upward locally and nationally 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 Automobile automobile, self-propelled vehicle used for travel on land. The term is commonly applied to a four-wheeled vehicle designed to carry two to six passengers and a limited amount of cargo, as contrasted with a truck, which is designed primarily for the transportation of Club of Southern California's Weekend Gas Watch. The national average for gasoline is $1.950, 9.3 cents higher than last week and a new record high. Nearly every major city surveyed indicated a new record high. Currently, the average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $2.266 a gallon gallon: see English units of measurement. , which is 8.2 cents higher than last week. Today's price is 3.8 cents higher than last month and 37 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 $2.283, which is 7.4 cents above last week, 4.5 cents higher than last month and 41 cents above last year. Motorists in the Central Coast pay an average price of $2.387, which is 6.6 cents higher than last week, 8 cents above last month and 40 cents higher than last year. "Wholesale gasoline prices shot up to $1.70/gallon last week, dropped for a few days and now have climbed to $1.70 again," said Auto Club spokesperson, Carol Thorp. "Analysts say that there is continuing concern by traders Traders Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ask spread. that gasoline demand in the summer may outstrip out·strip tr.v. out·stripped, out·strip·ping, out·strips 1. To leave behind; outrun. 2. To exceed or surpass: "Material development outstripped human development" supply. These supply jitters jitters 'Butterflies' Psychology An episode of nervousness or anxiety that often precedes a public event; jitters is a type of performance anxiety which may affect actors in a stage production–stage fright or soloist musicians; it may respond to anxiolytics are pushing prices up so much that we are seeing new retail price records daily 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, and the nation." The Weekend Gas Watch monitors the average price of gasoline at metropolitan destinations throughout the nation. Average prices as of 12:01 a.m., May 14:
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $2.266 +8.2 cents $2.266 (5/13/2004)
San Diego $2.283 +7.4 cents $2.283 (5/13/2004)
Santa Barbara-Santa Maria-
Lompoc $2.387 +6.6 cents $2.387 (5/13/2004)
The national average price of gasoline rose 9.3 cents last week to a record high of $1.950. This week, 17 of the 19 cities surveyed in the Weekend Gas Watch have set new record high prices.
Area Regular Change from Record Price
last week
National Average $1.950 +9.3 cents $1.950 (5/13/2004)
New York $2.105 +10.4 cents $2.105 (5/13/2004)
Washington $1.952 +7.9 cents $1.952 (5/13/2004)
Boston $1.936 +12.2 cents $1.936 (5/13/2004)
Philadelphia $1.947 +12.1 cents $1.947 (5/13/2004)
Atlanta $1.846 +10.9 cents $1.846 (5/13/2004)
Miami $1.955 +8.4 cents $1.955 (5/13/2004)
Chicago $2.102 +8.9 cents $2.142 (6/19/2000)
Detroit $1.994 +10.9 cents $2.137 (6/20/2000)
Kansas City, Mo. $1.865 +10.4 cents $1.868 (5/12/2004)
St. Louis $1.882 +4.6 cents $1.882 (5/13/2004)
Denver $1.916 +9.3 cents $1.916 (5/13/2004)
Dallas $1.822 +8.9 cents $1.822 (5/13/2004)
Houston $1.804 +9.1 cents $1.804 (5/13/2004)
Salt Lake City $1.957 +3.0 cents $1.957 (5/13/2004)
Las Vegas $2.217 +7.9 cents $2.217 (5/13/2004)
Phoenix $2.155 +11.0 cents $2.155 (5/13/2004)
Seattle $2.215 +10.4 cents $2.215 (5/13/2004)
San Francisco $2.336 +8.1 cents $2.336 (5/13/2004)
Honolulu $2.137 +4.6 cents $2.137 (5/13/2004)
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