Auto Club: Huge Jump in Prices as Gasoline Continues Eight Week Trend; the Worst May Be Over.Lifestyle Editors LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Feb. 27, 2004 The price of 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 shot higher by 20 cents per gallon gallon: see English units of measurement. in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and 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. last week as motorists absorbed sharp increases in the wholesale gas market from the previous 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 Club of Southern California's Weekend Gas Watch. But the easing of wholesale prices may bring lower prices in the next few days. The national average for gasoline increased 3.8 cents per gallon. Currently, the average price of self-serve regular unleaded gasoline in the Los Angeles-Long Beach area is $2.133, which is 20.3 cents higher than last week. This price is 38 cents higher than last month and 21 cents higher than last year. In San Diego, the price is $2.157, which is 19.9 cents above last week's level, 38 cents above last month and 19 cents higher than last year. Motorists in the Central Coast pay an average price of $2.188, which is 17.2 cents higher than last week's price, 34 cents above last month and 22 cents higher than last year. "Wednesday and Thursday of last week saw wholesale prices jump from $1.35 per gallon to $1.57 per gallon. Retailers who bought gas last week at $1.57 were selling it to the public this week at over $2 per gallon," said Carol Thorp, Auto Club spokesperson. "This week, wholesale prices declined by about 12 cents per gallon. Over the next several days, retail gas prices should begin pulling back...perhaps by as much as 5-10 cents per gallon." The Weekend Gas Watch monitors the average price of gasoline at metropolitan destinations throughout the nation. Average prices as of 12:01 a.m., Feb. 27:
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $2.133 +20.3 cents $2.167 (3/22/03)
San Diego $2.157 +19.9 cents $2.211 (3/20/03)
Santa Barbara-Santa Maria-Lompoc $2.188 +17.2 cents $2.233 (8/27/03)
The national average price of gasoline increased 3.8 cents per gallon last week. Most regions of the country are experiencing relative price stability. However, a sunken sunk·en v. Obsolete A past participle of sink. adj. 1. Depressed, fallen in, or hollowed: sunken cheeks. 2. ship that blocked part of the Mississippi River Mississippi River River, central U.S. It rises at Lake Itasca in Minnesota and flows south, meeting its major tributaries, the Missouri and the Ohio rivers, about halfway along its journey to the Gulf of Mexico. near New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded this week has cut off gasoline supplies to some Southern regions, particularly in Florida. Prices in those regions may spike A burst of extra voltage in a power line that lasts only a few nanoseconds. See power surge, power swell, sag and surge suppression. (jargon) spike - To defeat a selection mechanism by introducing a (sometimes temporary) device that forces a specific result. until the ship wreck WRECK, mar. law. A wreck (called in law Latin, wreccum maris, and in law French, wrec de mer,) signifies such goods, as after a shipwreck, are cast upon land by the sea, and left there within some county, so as not to belong to the jurisdiction of the admiralty, but to the common law. can be cleared.
Area Regular Change from Record Price
last week
National Average $1.681 +3.8 cents $1.737 (8/30/03)
New York $1.854 +1.8 cents $1.968 (9/6/03)
Washington, D.C. $1.688 +0.2 cents $1.797 (5/16/01)
Boston $1.686 +1.6 cents $1.812 (9/3/03)
Philadelphia $1.692 +2.2 cents $1.807 (9/3/03)
Atlanta $1.567 +0.6 cents $1.589 (3/18/03)
Miami $1.714 +1.8 cents $1.761 (3/18/03)
Chicago $1.766 +1.3 cents $2.142 (6/19/00)
Detroit $1.674 +2.1 cents $2.137 (6/20/00)
Kansas City, Mo. $1.552 +2.1 cents $1.790 (6/21/00)
St. Louis $1.620 +4.5 cents $1.767 (5/17/01)
Denver $1.540 +0.7 cents $1.780 (6/5/01)
Dallas $1.590 +1.8 cents $1.666 (5/12/01)
Houston $1.556 +0.6 cents $1.639 (5/12/01)
Salt Lake City $1.637 +3.7 cents $1.789 (9/4/03)
Las Vegas $2.011 +17.5 cents $2.063 (3/25/03)
Phoenix $1.896 +17.3 cents $2.146 (8/26/03)
Seattle $1.772 +6.4 cents $1.969 (9/4/03)
San Francisco $2.188 +18.3 cents $2.276 (3/19/03)
Honolulu $2.017 +2.6 cents $2.054 (10/2/03)
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