(LOS ANGELES, Jan. 18, 2005) — Southern California's average price for regular gasoline has dropped more than 20 cents during the past month and 38 cents from the November peak, according to the Automobile Club of Southern California monthly Fuel Gauge Report. Although prices continue downward, they are still 25 cents higher than in January 2004.
The Southern California January average price for regular self-serve unleaded gasoline is $1.989, which compares to a Dec. 14 average of $2.192 and a year-ago average of $1.737. Statewide, the average price for January is $1.940, down from $2.161 in December.
"Slower demand and smooth running California refineries have contributed to lower gas prices this past month," said Auto Club spokeswoman Carol Thorp. "However, prices remain higher than last year because crude oil costs have averaged about $10 per barrel more than last January. Many refineries are about to begin regularly-scheduled maintenance to produce summer grade gasoline, and the reduced production may slow or reverse the recent declines."
The lowest average price in Southern California is in Escondido, where regular is selling for $1.890. Blythe reported the state's highest average price at $2.273. Marysville in northern California had the lowest price in the state at $1.790. Nationally, the average price is $1.812 down from $1.84 in December.
In Southern California, the averages for regular and premium grades of gasoline are listed below:
|County/City||Unl. 1-18||Unl. 12-14-04||Pre. 1-18||Pre. 12-14-04|
|Los Angeles County|
|San Bernardino County|
|San Diego County|
|San Luis Obispo County|
San Luis Obispo
|Santa Barbara County|
|So. Calif. Avg.||1.989||2.192||2.197||2.382|
The Auto Club's Fuel Gauge Report is based on data gathered from monitoring fuel transactions at 2,800 Southern California gas stations. Oil Price Information Service — the nation's most comprehensive source of petroleum pricing information, provides the data.