Auto Club: Gasoline Prices Continue Downward Trend in Most Places.News/Travel Editors & Automotive Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--July 26, 2002 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 continued their downward march throughout most of the southwest during the past week, the only exception being the central coast of California The Central Coast is an area of California, United States, roughly spanning the area between the Monterey Bay and Point Conception. It extends through Santa Cruz County, San Benito County, Monterey County, San Luis Obispo County, and Santa Barbara County. where prices registered a slight up-tick, 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. . This is the fourth consecutive week that the Los Angeles-Long Beach area has seen a decline in average prices. 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 $1.605 per gallon gallon: see English units of measurement. , which is 1.1 cents lower than last week's price, 3 cents lower than last month and 17 cents lower than prices at this time 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 $1.624, which is four-tenths of a cent lower than last week's level, 2 cents lower than last month and 22 cents lower than last year. Motorists in the central coast have an average price of $1.694, which is three-tenths of a cent above last week's price, 1 cent below last month and 16 cents under the price last year. "Whether gas prices will go up, down or stay stable remains uncertain for the rest of the summer," said Auto Club spokesperson Carol Thorp. "Refiners have been reducing supplies, which tends to drive prices up, but stock market woes are weighing down the price of oil. The result has been minimal price shifts, a trend that may continue."
Average prices as of 12:01 a.m., July 26:
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $1.605 -1.1 cents $2.036 (5/25/01)
San Diego $1.624 -0.4 cents $2.025 (5/29/01)
Santa Barbara-Santa Maria-
Lompoc $1.694 +0.3 cents $2.069 (5/16/01)
Las Vegas $1.519 -0.8 cents $1.885 (3/27/00)
Phoenix-Mesa, Ariz. $1.452 -1.0 cents $1.720 (5/30/01)
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