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Bargain Gas Prices for Year's Busiest Travel Days; Lowest Pre-Thanksgiving Pump Prices in 9 years, says AAA.


SAN FRANCISCO--(BUSINESS WIRE)--Nov. 17, 1998--Motorists can gobble up Verb 1. gobble up - eat a large amount of food quickly; "The children gobbled down most of the birthday cake"
garbage down, shovel in, bolt down

eat - take in solid food; "She was eating a banana"; "What did you eat for dinner last night?"
 gas at the lowest pre-Thanksgiving prices in nine years, 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.
 of Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern  reported today.

"Consumers will be feasting on low gas prices and stuffing their tanks as they prepare for the busiest travel holiday of the year," said AAA spokesman Paul Moreno Paul C. Moreno is a Democratic state representative from El Paso, Texas. Born in 1931, grew up in “El Segundo Barrio” of El Paso. After high school, he served six years in the U.S. Marine Corp and saw combat in the Korean War. .

Retail gasoline averages $1.17 a gallon for regular unleaded self-serve in Northern California -- the lowest November price since 1989, when the average price was $1.07, 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.
 AAA. It is the lowest price for any month since March 1994, when the Northern California average was $1.15.

"Motorists can give thanks to a worldwide oil glut that has driven gas prices down 26 cents in one year," Moreno said.

Northern California gas prices fell 3 cents from last month. In the same period, the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation).

The San Francisco Bay Area, colloquially known as the Bay Area or The Bay
 average also dropped 3 cents to $1.20, which remains 14 cents higher than the national average of $1.06, according to AAA's survey of more than 400 gasoline retailers in Northern California, Nevada and Utah.

Gas prices have dropped steadily in the past year as crude oil prices fell by one third due to worldwide overproduction o·ver·pro·duce  
tr.v. o·ver·pro·duced, o·ver·pro·duc·ing, o·ver·pro·duc·es
To produce in excess of need or demand.



o
 and lower demand from economic conditions in Asia, analysts say.

"Prices are still down for crude, with only slight upticks and downticks," said Alan Kovski of The Oil Daily, a Washington, D.C.-based newsletter.

Even recent tensions in the Persian Gulf Persian Gulf, arm of the Arabian Sea, 90,000 sq mi (233,100 sq km), between the Arabian peninsula and Iran, extending c.600 mi (970 km) from the Shatt al Arab delta to the Strait of Hormuz, which links it with the Gulf of Oman.  did not create a reaction in oil markets, said Kovski.

In Northern California, local averages for regular unleaded self-serve gasoline (since October 20) are: -0-
--        Chico, $1.12 (down 3 cents)
--        Eureka, $1.25 (down 2 cents)
--        Lake Tahoe, $1.19 (down 7 cents)
--        Monterey, $1.22 (down a penny)
--        Redding, $1.17 (down 3 cents)
--        Salinas, $1.18 (down a penny)
--        San Jose, $1.14 (down a nickel)
--        San Rafael, $1.20 (down a penny)
--        Santa Rosa, $1.13 (down 2 cents)
--        Concord, $1.12 (down 4 cents)
--        Fresno, $1.08 (down 3 cents)
--        Modesto, $1.04 (down 2 cents)
--        Oakland, $1.20 (down 2 cents)
--        Sacramento, $1.08 (down a nickel)
--        San Francisco, $1.27 (down 3 cents)
--        San Mateo, $1.23 (down a penny)
--        Santa Cruz, $1.19 (down 3 cents)
--        Stockton, $1.07 (down 2 cents)


-0-

Since last month, Nevada gas prices also are down 3 cents to $1.17 a gallon. In Utah, prices are unchanged at $1.12 a gallon in the same period, according to AAA's survey.

Established more than 90 years ago, the AAA affiliate of Northern California, Nevada and Utah offers a wide array of automotive, insurance, travel and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
. It is the second largest regional affiliate of the national AAA organization.

NOTE TO EDITORS: A chart showing 12 months of city averages is available. Additional city averages also are available on request.

AAA's Thanksgiving holiday travel projections will be out Nov. 23.
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1U8NV
Date:Nov 17, 1998
Words:486
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