Printer Friendly
The Free Library
19,604,538 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Auto Club: Summer Surge Sends Gas Prices to New Record Highs.


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.  -- 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 set new records every day this week as a surge in summertime demand continued sending pump prices higher, 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 $2.792, which is 9.9 cents higher than last week, 21 cents higher than last month and 73 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 $2.815 - 8 cents above last week's price, 20 cents above last month and 72 cents above last year. On the Central Coast, the average price is $2.871, up 10.8 cents from last week, 19 cents higher than last month and 62 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 $2.776, up 9.5 cents from last week, 20 cents above last month and 70 cents higher than last year.

"Crude oil futures and wholesale gasoline prices have shown some softness in the past couple of days, indicating that the worst of the gasoline price spikes may be near an end," Auto Club spokeswoman Carol Thorp said. "We are only two weeks from 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, which is traditionally the end of the summer driving season. When demand for gas declines, pump prices generally go down also."

The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., Aug. 19:
Area                        Regular   Change from      Record Price
                                       last week

Los Angeles-Long Beach       $2.792    +9.9 cents   $2.792 (8/18/2005)

Orange County                $2.779   +10.6 cents   $2.779 (8/18/2005)

San Diego                    $2.815    +8.0 cents   $2.815 (8/18/2005)

Santa Barbara-Santa Maria-
 Lompoc                      $2.871   +10.8 cents   $2.871 (8/18/2005)

Riverside-San  Bernardino    $2.776    +9.5 cents   $2.776 (8/18/2005)

Bakersfield                  $2.778    +7.0 cents   $2.778 (8/18/2005)

Las Vegas                    $2.637    +7.2 cents   $2.637 (8/18/2005)
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Aug 19, 2005
Words:336
Previous Article:Georgia-Pacific Selects RedPrairie As North American Enterprise Transportation Solution Provider.
Next Article:INNOVATION Announces First Encrypted Backup Utility For IBM z/OS; FDRCRYPT.



Related Articles
PUMP PRICES RISE IN REGION GALLON OF GAS AVERAGES $1.81.
AVERAGE GAS PRICE HITS $2.
HOLDUP AT THE GAS PUMP? STATE ENERGY COMMISSION SAYS DEALERS KEEPING PRICE UP.
RUNNING ON EMPTY HOPE DIM FOR LOWER GAS PRICES.
GAS PRICES HEADED UP MARKET NOT MOVING ACCORDING TO PREDICTIONS.
GAS PRICES FALLING SHARPLY MORE RELIEF ON WAY, MARKET EXPERTS SAY.
BRIEFCASE.
DRIVERS ENJOY FALL AT PUMP.
TRAVELERS GET BLUES AT PUMP.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles