Auto Club: Gasoline Prices Continue Lower but U-Turn Could Be in the Offing.Energy Editors/Business Editors/Automotive Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--April 2, 2004 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 inched lower for the fourth straight week in the Southwest Southwest or south west is the ordinal direction halfway between south and west, the opposite of northeast. Southwest or south west may also refer 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 $1.751, an increase of nine-tenths of a cent from last week, but down from the record high of $1.753 set on Tuesday Tuesday: see week. . Currently, the average price of self-serve regular unleaded gasoline in the Los Angeles-Long Beach area is $2.127, which is 2 cents lower than last week. This price is 5 cents lower than last month and 3 cents lower 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 $2.143, which is 1.4 cents below last week, 5 cents lower than last month and 6 cents lower than last year. Motorists in the Central Coast pay an average price of $2.219, which is two-tenths of a cent lower than last week, 2 cents below last month and 4 cents higher than last year. "Last week, California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). gasoline production declined by 11 percent, inventories dropped by 15.7 percent and demand for gas remains very strong. That is a recipe for higher pump prices," said Auto Club spokesperson Carol Thorp. "Because the state's supply margin is so thin, wholesale prices spiked spike 1 n. 1. a. A long, thick, sharp-pointed piece of wood or metal. b. A heavy nail. 2. A spikelike part or projection, as: a. 25 cents per gallon gallon: see English units of measurement. in the past week. Until California's demand for gas levels off, we could see retail prices over $2/gallon for weeks to come." The Weekend Gas Watch monitors the average price of gasoline at metropolitan destinations throughout the nation. Average prices as of 12:01 a.m., April 2: Area Regular Change from last week Record Price Los Angeles-Long Beach $2.127 -2.0 cents $2.202 (3/4/2004) San Diego $2.143 -1.4 cents $2.217 (3/6/2004) Santa Barbara-Santa Maria-Lompoc $2.219 -0.2 cents $2.276 (3/6/2004) The national average price of gasoline rose nine-tenths of a cent last week. The price of $1.751 is down from the record high price of $1.753 set on Tuesday. The nation's oil and gasoline inventories are burgeoning, which could signal price stability in the coming weeks. Area Regular Change from last week Record Price National Average $1.751 +0.9 cents $1.753 (3/30/2004) New York $1.929 +1.5 cents $1.968 (9/6/2003) Washington $1.782 +3.4 cents $1.797 (5/16/2001) Boston $1.739 +0.1 cents $1.812 (9/3/2003) Philadelphia $1.761 +1.0 cents $1.807 (9/3/2003) Atlanta $1.626 +1.1 cents $1.626 (3/31/2004) Miami $1.807 +0.7 cents $1.809 (3/31/2004) Chicago $1.858 +6.3 cents $2.142 (6/19/2000) Detroit $1.750 +1.5 cents $2.137 (6/20/2000) Kansas City, Mo. $1.634 +0.1 cents $1.790 (6/21/2000) St. Louis $1.679 -0.1 cents $1.767 (5/17/2001) Denver $1.750 +5.2 cents $1.780 (6/5/2001) Dallas $1.652 +1.8 cents $1.666 (5/12/2001) Houston $1.631 +1.1 cents $1.639 (5/12/2001) Salt Lake City $1.797 -0.2 cents $1.800 (3/23/2004) Las Vegas $2.088 -0.9 cents $2.105 (3/6/2004) Phoenix $1.943 -1.4 cents $2.146 (8/26/2003) Seattle $1.835 +0.2 cents $1.969 (9/4/2003) San Francisco $2.211 -1.6 cents $2.276 (3/19/2003) Honolulu $2.039 +1.6 cents $2.054 (10/2/2003) |
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