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Auto Club: Summer Driving Season Ends, But Prices Continue Rising; Signs Point to Return to Lower Levels.


News/Travel Editors & Automotive Writers

LOS LOS Length of stay, see there  ANGELES--(BUSINESS WIRE)--Sept. 7, 2001

An expected run-up in the 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  continued after the Labor Day Labor Day, holiday celebrated in the United States and Canada on the first Monday in September to honor the laborer. It was inaugurated by the Knights of Labor in 1882 and made a national holiday by the U.S. Congress in 1894.  holiday weekend with motorists in all areas of the region paying higher prices than they did the week before, 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 current price in the Los Angeles/Long Beach reporting area is $1.615 per gallon gallon: see English units of measurement. , 6.8 cents higher than the price at this time last week. The price 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.  is 7 cents higher than last week's average. Central Coast motorists are paying 6.9 cents per gallon higher than last week. The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips.

"An increase in pump prices during the time immediately around a holiday weekend is somewhat expected," said Jeffrey Spring, Auto Club spokesperson. "However, wholesale prices have been declining in recent days and there is less demand for gasoline now that the summer driving season has ended. Conditions indicate that prices might begin falling again soon."


Average prices as of 12:01 a.m. Sept. 7.

Area                             Regular Change from  Record Price
                                          last week

Los Angeles-Long Beach           $1.615  +6.8 cents   $2.036 (set 5/25)

San Diego                        $1.714  +7.0 cents   $2.025 (5/29)

Santa Barbara-Santa Maria-Lompoc $1.751  +6.9 cents   $2.069 (5/16)

Las Vegas                        $1.490  +8.9 cents   $1.885 (3/27/00)

Phoenix-Mesa, Ariz.              $1.404  +5.7 cents   $1.720 (5/30)
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 7, 2001
Words:258
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