Auto Club: Stratospheric Gas Prices Resist Downward Pressure.Energy Editors/News Editors/Travel Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--March 12, 2004 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 remain 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 throughout the Southwest Southwest or south west is the ordinal direction halfway between south and west, the opposite of northeast. Southwest or south west may also refer 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. Unexpectedly high pump prices indicate that refiners continue to take profits. The national average for gasoline increased 1.9 cents per gallon gallon: see English units of measurement. and is less than a penny from the all-time all-time adj. Exceeding all others up to the present time: an all-time speed skating record. all-time Adjective Informal high of $1.737 per gallon. Currently, the average price of self-serve regular unleaded gasoline in the Los Angeles-Long Beach area is $2.192, which is one cent lower than last week. This price is 31 cents higher than last month and 12 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 $2.212, which is one-tenth of a cent higher than last week, 32 cents above last month and 9 cents higher than last year. Motorists in the Central Coast pay an average price of $2.260, which is 1 cent lower than last week, 29 cents above last month and 17 cents higher than last year. "Wholesale prices have declined 30 cents per gallon since hitting their high water mark on February February: see month. 19," said Auto Club spokesperson Carol Thorp. "Retail prices remain near $2.20 per gallon while gasoline refiners continue to gain high profit margins." The Weekend Gas Watch monitors the average price of gasoline at metropolitan destinations throughout the nation. Average prices as of 12:01 a.m., March 12:
Area Regular Change from Record Price
last week
Los Angeles-Long Beach $2.192 -1.0 cents $2.202 (3/4/2004)
San Diego $2.212 +0.1 cents $2.217 (3/6/2004)
Santa Barbara-Santa Maria- $2.260 -1.0 cents $2.276 (3/6/2004)
Lompoc
The national average price of gasoline increased 1.9 cents per gallon last week. The current price of $1.728 is nine-tenths of a cent away from the all-time record high of $1.737 set on Aug. 30, 2003. While market conditions point to lower prices in the Southwest, the rest of the country can expect continuing higher prices in the coming weeks as refiners go through the turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. process and begin switching from winter grade to summer grade fuel.
Area Regular Change from Record Price
last week
National Average $1.728 +1.9 cents $1.737 (8/30/2003)
New York $1.905 +2.2 cents $1.968 (9/6/2003)
Washington, D.C. $1.724 +2.4 cents $1.797 (5/16/2001)
Boston $1.725 +2.0 cents $1.812 (9/3/2003)
Philadelphia $1.738 +2.1 cents $1.807 (9/3/2003)
Atlanta $1.602 +3.4 cents $1.603 (3/10/2004)
Miami $1.776 +2.7 cents $1.761 (3/11/2004)
Chicago $1.784 -0.4 cents $2.142 (6/19/2000)
Detroit $1.693 +0.3 cents $2.137 (6/20/2000)
Kansas City, Mo. $1.604 +1.8 cents $1.790 (6/21/2000)
St. Louis $1.653 -1.6 cents $1.767 (5/17/2001)
Denver $1.666 +0.8 cents $1.780 (6/5/2001)
Dallas $1.617 +1.2 cents $1.666 (5/12/2001)
Houston $1.595 +2.2 cents $1.639 (5/12/2001)
Salt Lake City $1.759 +6.1 cents $1.789 (9/4/2003)
Las Vegas $2.103 +1.3 cents $2.105 (3/6/2004)
Phoenix $1.976 -1.2 cents $2.146 (8/26/2003)
Seattle $1.842 +2.4 cents $1.969 (9/4/2003)
San Francisco $2.264 -0.7 cents $2.276 (3/19/2003)
Honolulu $2.025 +0.4 cents $2.054 (10/2/2003)
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