Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

New Record High Gasoline Price Set in California

March 5, 2003

Motorists inCalifornia have begun paying a new statewide record price average of$2.036 for a gallon of self-serve unleaded gasoline, according to theAutomobile Club of Southern California. The old state record of $2.034 was set on May 15, 2001. In thepast year, the price of regular unleaded has increased 67.8 cents. San Diego motorists are paying an average of $2.039, which is anew record. The old record for San Diego was $2.025, set on May 29,2001. In the Los Angeles-Long Beach area, the price of regular selfserve is $2.006, which is only three cents below the all-time recordof $2.036. Orange County has an average price of $2.022, only 1.8cents shy of its all-time high price of $2.040. San Francisco drivershave a new record price of $2.188. Motorists in Sacramento are payinga new record price of $2.044. "California gasoline prices have been rising steadily for the pastnine and a half weeks and increases are likely to continue," saidCarol Thorp, Auto Club spokesperson. "The slow march to a possible warwith Iraq has been the major factor in pushing up prices. Gas pricereductions may be unlikely until the Iraq situation is resolved."
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