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Auto Club: Local Prices Continue Declining but Hurricane Rita May Cause Reversal.


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.  -- 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 downward this week, but the threat of Hurricane Rita Hurricane Rita was the fourth-most intense Atlantic hurricane ever recorded and the most intense tropical cyclone ever observed in the Gulf of Mexico. Rita caused $11.3 billion in damage on the U.S. Gulf Coast in September 2005.  to the oil producing regions of the Gulf Coast may send gas prices up again, 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.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $2.944, which is 3.2 cents lower than last week, 14 cents higher than last month and 87 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 $2.979 -- 4.2 cents below last week's price, 15 cents above last month and 87 cents above last year. On the Central Coast, the average price is $3.036, down 3.8 cents from last week, 15 cents higher than last month and 79 cents higher than last year. In the Inland Empire In·land Empire  

A region of the northwest United States between the Cascade Range and the Rocky Mountains, comprising eastern Washington, eastern Oregon, northern Idaho, and western Montana. Farming, lumbering, and mining are important to the area.
, the average price is $2.963, down 3.1 cents from last week, 17 cents above last month and 86 cents higher than last year.

"Hurricane Rita is already sending oil and wholesale gasoline prices higher in eastern states Eastern States can refer to several locations:
  • New England, United States
  • Eastern states of Australia
. In effect, it's a repeat of what Katrina caused in energy markets four weeks ago," Auto Club spokeswoman Carol Thorp said. "However, it's too soon to tell how much of an impact we'll see in California."

The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., Sept. 23:
Area                         Regular   Change from     Record Price
                                        last week
Los Angeles-Long Beach       $2.944    -3.2 cents    $2.999 (9/6/2005)

Orange County                $2.910    -3.7 cents    $2.970 (9/6/2005)

San Diego                    $2.979    -4.2 cents    $3.060 (9/5/2005)

Santa Barbara-Santa Maria-
 Lompoc                      $3.036    -3.8 cents    $3.111 (9/7/2005)

Riverside-San Bernardino     $2.963    -3.1 cents    $3.030 (9/9/2005)

Bakersfield                  $3.067    -6.2 cents    $3.167 (9/9/2005)

Las Vegas                    $2.888    -3.1 cents    $2.968 (9/8/2005)
COPYRIGHT 2005 Business Wire
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 23, 2005
Words:325
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