Auto Club: No End in Sight as Prices Rise for Seventh Straight Week.Business Editors/Automotive Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Feb. 20, 2004 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 their upward march last week with the promise that more and steeper steep 1 adj. steep·er, steep·est 1. Having a sharp inclination; precipitous. 2. At a rapid or precipitous rate: a steep rise in salaries. 3. a. increases might be on the way, 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 automobile, self-propelled vehicle used for travel on land. The term is commonly applied to a four-wheeled vehicle designed to carry two to six passengers and a limited amount of cargo, as contrasted with a truck, which is designed primarily for the transportation of Club of Southern California's Weekend Gas Watch. The national average for gasoline increased nine-tenths of a cent per gallon gallon: see English units of measurement. . Currently, the average price of self-serve regular unleaded gasoline in the Los Angeles-Long Beach area is $1.930, which is 4.1 cents higher than last week. This price is 19 cents higher than last month and 7 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 $1.958, which is 6 cents above last week's level, 22 cents above last month and 6 cents higher than last year. Motorists in the central coast pay an average price of $2.016, which is 12.5 cents higher than last week's price, 17 cents above last month and 14 cents higher than last year. "Pump prices were already feeling upward pressure from unusually strong demand for this time of year. Investors, unsure about refiners' ability to meet that demand, bid up the price of gasoline on the wholesale market this week," said Carol Thorp, Auto (AUTOmatic) Refers to a wide variety of devices that perform unattended operations. Club spokesperson. "Inflated wholesale prices will show up at the retail pump in the next week with continuing higher prices." 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. 20: Area Regular Change from last week Record Price Los Angeles-Long Beach $1.930 +$0.041 $2.167 (3/22/2003) San Diego $1.958 +$0.060 $2.211 (3/20/2003) Santa Barbara-Santa Maria-Lompoc $2.016 +$0.125 $2.233 (8/27/2003) The national average price of gasoline increased nine-tenths of a cent per gallon last week. Prices are stabilizing stabilizing, v to hold a limb motionless in order to ground its energy; a standard isometric resistance technique, it releases tension and lengthens muscle fibers. in many regions of the country as refiners are forced to sell off inventories of winter grade fuel. Within a month, the national average should begin increasing steadily as refiners complete their change to the production of summer grade fuel. Area Regular Change from last week Record Price National Average $1.643 +$0.009 $1.737 (8/30/2003) New York $1.836 -$0.003 $1.968 (9/6/2003) Washington, D.C. $1.685 +$0.002 $1.797 (5/16/2001) Boston $1.670 +$0.001 $1.812 (9/3/2003) Philadelphia $1.670 +$0.007 $1.807 (9/3/2003) Atlanta $1.561 +$0.006 $1.589 (3/18/2003) Miami $1.696 +$0.006 $1.761 (3/18/2003) Chicago $1.753 +$0.002 $2.142 (6/19/2000) Detroit $1.653 +$0.003 $2.137 (6/20/2000) Kansas City, Mo. $1.531 +$0.021 $1.790 (6/21/2000) St. Louis $1.575 -$0.038 $1.767 (5/17/2001) Denver $1.533 +$0.033 $1.780 (6/5/2001) Dallas $1.572 +$0.003 $1.666 (5/12/2001) Houston $1.550 $0.000 $1.639 (5/12/2001) Salt Lake City $1.600 +$0.006 $1.789 (9/4/2003) Las Vegas $1.837 +$0.048 $2.063 (3/25/2003) Phoenix $1.723 +$0.048 $2.146 (8/26/2003) Seattle $1.708 +$0.001 $1.969 (9/4/2003) San Francisco $2.005 +$0.032 $2.276 (3/19/2003) Honolulu $1.991 -$0.001 $2.054 (10/2/2003) |
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