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Gas prices continue to increase locally.


Byline: Ilene Aleshire The Register-Guard

While the 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  stayed steady at the national level, and dropped slightly for Oregon as a whole, Eugene- Springfield prices resumed their upward march this week. The average price of a gallon gallon: see English units of measurement.  of regular has risen 2 cents since last week locally, from $4.31 to $4.33, 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 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.
.

Meanwhile, the national average for regular unleaded held steady at the record high of $4.11 on Tuesday for the second day in a row, after setting record highs eight days in a row, according to AAA Oregon spokeswoman Marie Dodds. Oregon's average dropped four-tenths of a cent per gallon in the past week, to $4.29, she said.

The number of states where the average price of regular is $4 a gallon or more continued to rise - to 39 states, up from 37 last week.

Dodds said the AAA is cautioning that prices may continue to increase over the next couple of weeks because of the recent run-up in crude oil prices. Although the price has come down a few dollars per barrel this week, it was up to $145 last week because of worries about more conflicts in the Middle East During the 20th and 21st centuries, there have been a number of conflicts in the Middle East. Arab-Israeli conflict
  • 1948 Arab-Israeli War
  • 1956 Suez War
  • 1967 Six Day War
  • 1970 War of Attrition
  • 1973 Yom Kippur War
  • 1982 Lebanon War
  • First Intifada
 disrupting the supply of oil from Iran.

Dodds said weakness in the U.S. dollar also has been a factor in the rising price of oil. "Crude oil is bought and sold in dollars and investors often buy oil and other commodities as a hedge against inflation when the dollar weakens against other currencies," she said.

The average price of gasoline in the Eugene-Springfield area is now $1.35 higher than it was a year ago. On Tuesday, a longtime long·time  
adj.
Having existed or persisted for a long time: a longtime friend; a longtime resident of Detroit.


longtime
Adjective
 car dealer in the Florence area, Dunham Motors, said it was getting out of new and used car sales, citing fuel costs as a major reason.General manager Blake Brewster said he had seen a decline in sales of trucks and SUVs, adding that domestic automakers have failed to produce vehicles that can compete with imports.
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Title Annotation:Business; The national average for unleaded gas remained at $4.11 for a second day
Publication:The Register-Guard (Eugene, OR)
Date:Jul 10, 2008
Words:338
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