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Auto Club: Slow Slide of Gas Prices Reaches Eighth Straight Week.


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.  -- Retail 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 slow slide last week, but stubbornly stub·born  
adj. stub·born·er, stub·born·est
1.
a. Unreasonably, often perversely unyielding; bullheaded.

b. Firmly resolved or determined; resolute. See Synonyms at obstinate.

2.
 high prices in the wholesale market could bring an end to the eight-week downward cycle at the pump, 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 $2.196 a gallon, which is 2.1 cents lower than last week, 10 cents lower than last month and 49 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 $2.205, which is 1.3 cents below last week, 6 cents lower than last month and 48 cents above last year. On the Central Coast, the average price is $2.360, which is down 2 cents from last week, 8 cents below last month and 53 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 $2.203, which is down 3.4 cents from last week, 10 cents lower than last month and 51 cents higher than last year.

"Retail prices continue downward despite the fact that wholesale prices are 20 cents per gallon higher than this time last month," said Auto Club spokesperson Carol Thorp. "It's likely that prices are near the bottom of the current cycle and they'll probably swing upward soon."

The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., July 23.
Area                         Regular   Change from     Record Price
                                        last week

Los Angeles-Long Beach        $2.196   -2.1 cents   $2.368 (5/28/2004)

Orange County                 $2.178   -2.3 cents   $2.353 (6/01/2004)

San Diego                     $2.205   -1.3 cents   $2.373 (5/26/2004)

Santa Barbara-Santa Maria-
 Lompoc                       $2.360   -2.0 cents   $2.489 (5/29/2004)

Riverside-San Bernardino      $2.203   -3.4 cents   $2.399 (6/01/2004)

Bakersfield                   $2.231   -1.7 cents   $2.383 (6/01/2004)

Las Vegas                     $2.046   -2.1 cents   $2.279 (5/26/2004)
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 23, 2004
Words:329
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