Average Gas Price Up 1.5 Cents From Mid-July, AAA Reports.Business & News Editors/Automotive Writers ORLANDO, Fla.--(BUSINESS WIRE)--Aug. 13, 2002 The nationwide average price of self-serve regular 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 has increased 1.5 cents per gallon gallon: see English units of measurement. since mid-July, from $1.39 to $1.405 per gallon, 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. In contrast to the previous two summers when fuel prices fluctuated wildly and reached record highs, the nationwide average gasoline price stabilized sta·bi·lize v. sta·bi·lized, sta·bi·liz·ing, sta·bi·liz·es v.tr. 1. To make stable or steadfast. 2. near $1.40 per gallon last April and has stayed there. In AAA's view, stable gasoline prices are desirable for the nation's economy because they allow consumers, businesses and government agencies to accurately anticipate fuel expenses as part of their on-going budgets. On July 16 of 2001, the nationwide average price of self-serve regular gasoline was $1.387 per gallon. Last month, the average price was $1.39, AAA said. Since mid-July, prices increased an average 5 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 $1.448. In the Midwest, gasoline prices are up 3.3 cents to $1.414. Prices in the Mid-Atlantic region are up 2.6 cents to $1.412. Western gasoline prices increased 1.4 cents to $1.531 since mid-July. Average gas prices are up .9 cents per gallon in the Southeast to $1.321; increased .4 cents per gallon in the 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). to $1.415; and inched .2 cents higher per gallon in the Southwest to $1.364. Nationwide, the price of self-serve, mid-grade averages $1.492, an increase of 1.7 cents per gallon since last month, and 1.9 cents more expensive than last year. Self-serve premium averages $1.545 per gallon, up 1.6 cents since mid-July, and 1.9 cents higher than one year ago. Average regional prices for self-serve regular in August of last year were: West, $1.48; New England, $1.46; Great Lakes, $1.42; Midwest, $1.41; Mid-Atlantic, $1.41; Southwest, $1.33; and Southeast, $1.28. The national average prices for self-serve regular unleaded gasoline for AAA's mid-August survey for the last five years are: 2001, $1.387; 2000, $1.496; 1999, $1.255; 1998, $1.075; and 1997, $1.264. 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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