Average Gas Price Edges Higher On Mid-Summer Demand, AAA Says.Business Editors/Travel & Automotive Writers While remaining remarkably stable since April, the nationwide average 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 is poised for a mid-summer increase, AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. said today. Tightening inventories of gasoline in the west and in some mid-western and Great Lakes Great Lakes, group of five freshwater lakes, central North America, creating a natural border between the United States and Canada and forming the largest body of freshwater in the world, with a combined surface area of c.95,000 sq mi (246,050 sq km). markets -- especially those required to use cleaner-burning reformulated gasoline -- are pushing prices somewhat higher. This should increase the nationwide average price of self-serve regular gasoline above its current level of $1.396 per gallon gallon: see English units of measurement. over the next few weeks. The nationwide average price of gasoline has not been above $1.40 per gallon since June 5 when the price was $1.401 per gallon, AAA's daily, online Fuel Gauge Report shows. In mid-July of 2001, the nationwide average price of self-serve regular gasoline was $1.437 per gallon. Last month, the average price was $1.383, AAA said. Since mid-June, prices increased an average 3.4 cents per gallon in the Midwest to $1.381. In the West, gasoline prices are up 2.4 cents to $1.517. Prices in the Great Lakes region The Great Lakes region can refer to:
Average gas prices dropped 1.5 cents per gallon in the Mid-Atlantic region to $1.386; fell 1.2 cents per gallon in New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. to $1.398; and declined .03 cent per gallon in the Southeast to $1.312 per gallon. Nationwide, the price of self-serve, mid-grade averages $1.482, an increase of 1.4 cents per gallon since last month, and 4.4 cents less expensive than last year. Self-serve premium averages $1.535 per gallon, up 1.4 cents since mid-June, and 4.5 cents lower than one year ago. Average regional gasoline prices in July of last year were: West, $1.574; New England, $1.563; Mid-Atlantic, $1.488; Southwest, $1.376; Midwest, $1.345; Great Lakes, $1.34; and Southeast, $1.31. The national average prices for self-serve regular unleaded gasoline for AAA's mid-July survey for the last five years are: 2001, $1.437; 2000, $1.577; 1999, $1.174; 1998, $1.099; and 1997, $1.233. AAA's Fuel Gauge Report is based on data from Oil Price Information Service -- the nation's most comprehensive source of petroleum pricing information. As the nation's largest motoring and leisure travel organization, AAA provides its more than 45 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit Not-for-profit An organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses. , fully tax paying AAA has been a leader and advocate for the safety and security of all travelers. AAA clubs can be visited on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at: http://www.aaa.com. AAA news releases are available from http://www.aaa.com/news |
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