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Auto Club: Motorists Unwrap Lower Gas Prices as a Holiday Present -- but How Long Can They Last?


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.  -- Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region,  motorists continue to enjoy steadily declining prices at the pump, but 2004 will still set the record for the highest Christmas 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, 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 $2.077 a gallon, which is 6.6 cents lower than last week, 22 cents lower than last month and 44 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 $2.104, which is 5.9 cents lower than last week, 22 cents below last month and 44 cents above last year. On the Central Coast, the average price is $2.215, which is down 6.3 cents from last week, 21 cents lower than last month and 47 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 $2.084, which is down 6.6 cents from last week, 23 cents below last month and 45 cents above last year.

"Even though we've experienced nine consecutive weeks of lower gasoline prices, we've never had Christmastime gasoline prices this high," said Auto Club spokesperson Carol Thorp. "We expect the lower price trend to last for the next week or so. However, for the past four years, New Year's Day New Year's Day, among ancient peoples the first day of the year frequently corresponded to the vernal or autumnal equinox, or to the summer or winter solstice. In the Middle Ages it was celebrated among Christians usually on Mar. 25.  has brought with it new rounds of price hikes. It's likely that will occur again for 2005."

The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., Dec. 24.
Area                          Regular  Change from    Record Price
                                        last week

Los Angeles-Long Beach         $2.077  -6.6 cents  $2.446 (10/21/2004)

Orange County                  $2.055  -6.8 cents  $2.441 (10/23/2004)

San Diego                      $2.104  -5.9 cents  $2.464 (10/21/2004)

Santa Barbara-Santa Maria-
 Lompoc                        $2.215  -6.3 cents  $2.570 (10/22/2004)

Riverside-San Bernardino       $2.084  -6.6 cents  $2.461 (10/21/2004)

Bakersfield                    $2.088  -6.5 cents  $2.437 (10/23/2004)

Las Vegas                      $1.913  -5.9 cents  $2.290 (10/20/2004)
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 24, 2004
Words:345
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