Auto Club: Gasoline Prices Make U-Turn -- Steep Increases Likely within the Week.News Editors/Business Editors/Automotive Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--May 7, 2004 After two weeks of slight price declines, 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 moved upward last week on investor 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 that supplies will not be sufficient to meet demand, according ac·cord v. ac·cord·ed, ac·cord·ing, ac·cords v.tr. 1. To cause to conform or agree; bring into harmony. 2. 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 $1.857, 4.5 cents higher than last week and a new record high. Currently, the average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $2.184 which 1.1 cents higher than last week. Today's price is 2 cents higher than last month and 24 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 $2.209, which is 3.2 cents higher last week, 2 cents higher than last month and 26 cents above last year. Motorists in the Central Coast pay an average price of $2.312, which is 2.3 cents higher than last week, 6 cents above last month and 29 cents higher than last year. "Wholesale gasoline prices shot up to $1.70/gallon this week on two events; a Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern pipeline break and a news report that there could be a gas shortage in 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). . Even though the pipeline is repaired and California Energy Commission The California Energy Commission is California’s primary energy policy and planning agency. Created in 1974 and headquartered in Sacramento, the Commission has responsibility for activities that include forecasting future energy needs, promoting energy efficiency through officials say there are sufficient supplies, wholesale prices remain at very high levels," said Auto (AUTOmatic) Refers to a wide variety of devices that perform unattended operations. Club spokesperson Carol Thorp. "Motorists should expect retail prices to move sharply higher in the coming week with the possibility that new record high prices may be set." 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 7: Area Regular Change from last week Record Price Los Angeles-Long Beach $2.184 +1.1 cents $2.233 (4/10/2004) San Diego $2.209 +3.2 cents $2.240 (4/9/2004) Santa Barbara-Santa Maria-Lompoc $2.312 +2.3 cents $2.317 (4/10/2004) The national average price of gasoline rose 4.5 cents last week. The price of $1.857 is a new record high. This year, 41 states have set new record high prices and by next week the number of states with new record highs is expected to reach 48. Area Regular Change from last week Record Price National Average $1.857 +4.5 cents $1.857 (5/6/2004) New York $2.001 +3.7 cents $2.001 (5/6/2004) Washington $1.873 +3.3 cents $1.873 (5/6/2004) Boston $1.813 +4.8 cents $1.813 (5/6/2004) Philadelphia $1.826 +3.7 cents $1.826 (5/6/2004) Atlanta $1.737 +5.4 cents $1.737 (5/6/2004) Miami $1.871 +2.7 cents $1.871 (5/6/2004) Chicago $2.013 +9.1 cents $2.142 (6/19/2000) Detroit $1.885 +7.1 cents $2.137 (6/20/2000) Kansas City, Mo. $1.761 +8.6 cents $1.790 (6/21/2000) St. Louis $1.836 +7.2 cents $1.836 (5/6/2004) Denver $1.823 +1.6 cents $1.832 (4/20/2004) Dallas $1.733 +3.6 cents $1.733 (5/6/2004) Houston $1.713 +4.1 cents $1.713 (5/6/2004) Salt Lake City $1.927 +2.8 cents $1.927 (5/6/2004) Las Vegas $2.138 +1.4 cents $2.138 (4/24/2004) Phoenix $2.045 +3.2 cents $2.146 (8/26/2003) Seattle $2.111 +7.3 cents $2.111 (5/6/2004) San Francisco $2.255 +2.1 cents $2.294 (4/10/2004) Honolulu $2.091 +1.9 cents $2.091 (5/6/2004) |
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