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Auto Club: Skyrocketing Gas Prices Accompany Holiday Fireworks.


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.  -- Heading into the holiday weekend, price increases picked up the pace at gas stations throughout 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, , marking the second straight week of increased 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 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  in the Los Angeles-Long Beach area is $2.465, which is 6.4 cents higher than last week, 4.5 cents higher than last month and 19.9 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 $2.508 -- 8.5 cents above last week, 8.7 cents above last month and 25.2 cents above last year. On the Central Coast, the average price is $2.555, up 4.2 cents from last week, 1.7 cents lower than last month and 14.6 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 $2.454, up 6.6 cents from last week, 4.2 cents above last month and 16.7 cents higher than last year.

"Crude oil futures prices Futures price

The price at which parties to a futures contract agree to transact upon the settlement date.
 have settled down slightly, but still are trading close to $60 a barrel because of concerns about international events such as the Iranian election," said Auto Club spokeswoman Carol Thorp. "Until crude oil prices settle down for a sustained period, we can expect gas prices to continue rising."

The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., July 1:
Area                         Regular   Change from     Record Price
                                        last week

Los Angeles-Long Beach        $2.465   +6.4 cents   $2.625 (4/13/2005)

Orange County                 $2.452   +6.2 cents   $2.605 (4/21/2005)

San Diego                     $2.508   +8.5 cents   $2.626 (4/12/2005)

Santa Barbara-Santa Maria-
 Lompoc                       $2.555   +4.2 cents   $2.730 (4/29/2005)

Riverside-San Bernardino      $2.454   +6.6 cents   $2.649 (4/13/2005)

Bakersfield                   $2.483   +8.4 cents   $2.682 (4/22/2005)

Las Vegas                     $2.370   +6.4 cents   $2.534 (4/14/2005)
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 1, 2005
Words:332
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