Auto Club: Holiday Weekend No Brake to Falling Gas Prices.News Editors/Business Editors/Travel Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--May 23, 2003 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, which customarily rise during high demand times such as the Memorial Day holiday weekend, will continue falling after the ninth straight week of declines, 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. . Currently, the average price of self-serve regular unleaded gasoline in the Los Angeles-Long Beach area is $1.825 per gallon gallon: see English units of measurement. , which is 5.5 cents lower than last week's price, 20 cents lower than last month and 25 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 $1.790, which is 6.9 cents below last week's level, 26 cents below last month and 19 cents above last year. Motorists in the central coast have an average price of $1.937, which is 3.4 cents lower than last week's price, 14 cents lower than last month and 28 cents higher than last year. "Customarily, the beginning of the summer driving season means higher gas prices, but that's not happening this year," said Carol Thorp, spokesperson for the Automobile Club of Southern California. "Gas prices have retreated re·treat n. 1. a. The act or process of withdrawing, especially from something hazardous, formidable, or unpleasant. b. The process of going backward or receding from a position or condition gained. 2. more than 34 cents since their record highs two months ago. Wholesale prices appear to have bottomed out, but healthy dealer profits are spurring competition between retailers. We should see the current downward trend continue 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., May 23:
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $1.825 -5.5 cents $2.167(3/22/03)
San Diego $1.790 -6.9 cents $2.211(3/20/03)
Santa Barbara-Santa
Maria-Lompoc $1.937 -3.4 cents $2.207(3/22/03)
Las Vegas $1.743 -5.4 cents $2.063(3/25/03)
Phoenix-Mesa, Ariz. $1.706 -5.1 cents $2.003(3/22/03)
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