Auto Club: New Record High Gas Prices.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. -- New record high prices for regular self-serve 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 were set this week in Los Angeles, Orange County, 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. and the Central Coast as prices surged, 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 LOS Length of stay, see there Angeles-Long Beach area is $3.029, which is 11.5 cents higher than last week, 33 cents higher than last month and 41 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 $3.044 -- 12.6 cents above last week's price, 35 cents above last month and 43 cents above last year. On the Central Coast, the average price is $3.116, up 11 cents from last week, 32 cents above than last month and 39 cents higher than last year. In the Inland Empire, the average price is $3.053, up 11.5 cents from last week, 34 cents above last month and 41 cents higher than last year. "Motorists have not seen the end of price increases," said Auto Club spokesperson Carol Thorp. "Investors are buying into crude and gasoline futures markets futures market, a commodity exchange where contracts for the future delivery of grain, livestock, and precious metals are bought and sold. Speculation in futures serves to protect both the developers and the users of the commodities from unfavorable and unpredictable on speculation that prices will continue rising. Retail prices still have not caught up with wholesale price increases. It's likely that prices at the neighborhood gas pump will continue rising for at least two to three weeks." The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., April 21:
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $3.029 +11.5 cents $3.029 (4/20/2006)
Orange County $2.999 +11.4 cents $2.999 (4/20/2006)
San Diego $3.044 +12.6 cents $3.060 (9/5/2005)
Santa Barbara-Santa Maria-
Lompoc $3.116 +11.0 cents $3.111 (9/7/2005)
Riverside-San Bernardino $3.053 +11.5 cents $3.053 (4/20/2006)
Bakersfield $3.087 +15.7 cents $3.167 (9/9/2005)
Las Vegas $2.802 +11.5 cents $2.968 (9/8/2005)
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