Auto Club: Slow Downward Trend in Gasoline Prices Continue.Energy Editors/News Editors/Business Editors/Automotive Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--April 30, 2004 The average price of 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 declined throughout much 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, last week for the second straight week. But the downward trend is so shallow that there appears to be little hope prices will dip below $2/gallon before the beginning of the summer driving season, 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 is $1.812, four-tenths of a cent higher than last week and a new record high. Currently, the average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $2.173, which is 2.5 cents lower than last week. Today's price is 4 cents higher than last month and 19 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 $2.177, which is 2.6 cents below last week, 3 cents higher than last month and 18 cents above last year. Motorists in the Central Coast pay an average price of $2.299, which is four-tenths of a cent higher than last week, 7 cents above last month and 24 cents higher than last year. "Inventories of gasoline in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). have been building for a few weeks, but statewide demand is what we would expect to see during summer months," said Auto Club spokesperson Carol Thorp. "As long as Californians consume gas at these levels, it's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have less likely that we'll we'll Contraction of we will. we'll we will or we shall we'll will ~shall have price reductions any larger than 2-3 cents per week leading up to Memorial Day." The Weekend Gas Watch monitors the average price of gasoline at metropolitan destinations throughout the nation. Average prices as of 12:01 a.m., April 30: Area Regular Change from last week Record Price Los Angeles-Long Beach $2.173 -2.5 cents $2.233 (4/10/2004) San Diego $2.177 -2.6 cents $2.240 (4/9/2004) Santa Barbara-Santa Maria-Lompoc $2.299 +0.4 cents $2.317 (4/10/2004) The national average price of gasoline rose four-tenths of a cent last week. The price of $1.812 is a new record high. Demand has reached levels normally expected in July July: see month. and August. This could lead to higher retail prices over the next few weeks.
Area Regular Change from last Record Price
week
National Average $1.812 +0.4 cents $1.812 (4/29/2004)
New York $1.964 +1.0 cents $1.968 (9/6/2003)
Washington $1.840 +0.8 cents $1.841 (4/21/2004)
Boston $1.765 +1.1 cents $1.812 (9/3/2003)
Philadelphia $1.789 +1.8 cents $1.807 (9/3/2003)
Atlanta $1.683 -0.8 cents $1.693 (4/21/2004)
Miami $1.844 -0.2 cents $1.848 (4/28/2004)
Chicago $1.922 -1.1 cents $2.142 (6/19/2000)
Detroit $1.814 +2.0 cents $2.137 (6/20/2000)
Kansas City, Mo. $1.675 -3.1 cents $1.790 (6/21/2000)
St. Louis $1.764 +3.5 cents $1.767 (5/17/2001)
Denver $1.807 -2.1 cents $1.832 (4/20/2004)
Dallas $1.697 -1.0 cents $1.707 (4/22/2004)
Houston $1.672 -0.7 cents $1.679 (4/22/2004)
Salt Lake City $1.899 +1.9 cents $1.899 (4/29/2004)
Las Vegas $2.124 -1.3 cents $2.138 (4/24/2004)
Phoenix $2.013 -1.0 cents $2.146 (8/26/2003)
Seattle $2.038 +3.4 cents $2.038 (4/29/2004)
San Francisco $2.234 -1.8 cents $2.294 (4/10/2004)
Honolulu $2.072 +0.1 cents $2.080 (4/23/2004)
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