Auto Club: Steep Gas Price Declines Signal More Reductions in Coming Weeks.News Editors/Business Editors/Travel Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--May 9, 2003 A combination of continuing falling wholesale prices and healthy dealer profits combined to send 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 lower last week for the seventh consecutive week, 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 Weekend Gas Watch, compiled by the Automobile Club of Southern California The Automobile Club of Southern California was founded December 13, 1900 in Los Angeles as one of the nation's first motor clubs dedicated to improving roads, proposing traffic laws and improvement of overall driving conditions. . Currently, the average price of self-serve regular unleaded gasoline in the Los Angeles-Long Beach area is $1.937 per gallon gallon: see English units of measurement. , which is 4 cents lower than last week's price, 21 cents lower than last month and 33 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 $1.929, which is 5.8 cents below last week's level, 25 cents below last month and 28 cents above last year. Motorists in the central coast have an average price of $2.020, which is 2.6 cents lower than last week's price, 15 cents lower than last month and 34 cents higher than last year. "The situation has been looking better for motorists for nearly two months and prices should continue their downward trend into the Memorial Day holiday period," said Carol Thorp, spokesperson for the Automobile Club of Southern California. "Gasoline retailers have enjoyed healthy profits so they feel more comfortable lowering prices in order to compete for customers." The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips. Average prices as of 12:01 a.m., May 9:
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $1.937 -4.0 cents $2.167 (3/22/03)
San Diego $1.929 -5.8 cents $2.211 (3/20/03)
Santa Barbara-Santa Maria-
Lompoc $2.020 -2.6 cents $2.207 (3/22/03)
Las Vegas $1.849 -4.8 cents $2.063 (3/25/03)
Phoenix-Mesa, Ariz. $1.822 -4.6 cents $2.003 (3/22/03)
|
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion