Auto Club: Nearly All of Southern California at or Below Last Year's Gas Price Levels; No Slowdown Seen in Price Reduction Momentum.News/Travel Editors & Automotive Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Aug. 17, 2001 For the first time since 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 began to spike in mid-February, the average price of unleaded regular self-serve is lower than at this same time in 2000 for most of 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, , 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. This marks the 12th straight week that the average price of gasoline has declined since hitting all-time highs in May. The current price in the Los Angeles/Long Beach reporting area is $1.579 per gallon, 4/10 of a cent lower than the price at this time last year. The price 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. is 2/10 of a cent higher than last year's level. Central Coast motorists are enjoying their second consecutive week buying gas at prices lower than last year. The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips. "The twin factors of higher gasoline supplies and lower demand throughout Southern California continues to push the price of gas lower," said Auto Club spokesman Paul Gonzales Paul Garza Gonzales (born April 18, 1964 in East Los Angeles, California) was an American boxer, who won the light flyweight gold medal at the 1984 Summer Olympics. Amateur Career . "Gasoline refiners have been trying to stabilize stabilize See peg. fuel prices by limiting the supply coming on the market. In fact, the wholesale price of gasoline has risen by about 10 cents over the past week. But as the summer driving season is nearing an end, it's likely that demand for gasoline will go even lower."
Average prices as of 12:01 a.m. Aug. 17.
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $1.579 -6.3 cents $2.036 (set 5/25)
San Diego $1.691 -5.6 cents $2.025 (5/29)
Santa Barbara-Santa Maria-Lompoc $1.704 -4.3 cents $2.069 (5/16)
Las Vegas $1.389 -3.4 cents $1.885 (3/27/00)
Phoenix-Mesa, Ariz. $1.333 -2.8 cents $1.720 (5/30)
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