(LOS ANGELES, Dec. 19, 2008) - Although Southern California gas prices posted a net decrease over the past week, they have inched upward over the past few days, ending a three-month streak of daily declines just as the holiday travel season kicks into gear, according to the Automobile Club of Southern California's Weekend Gas Watch.
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $1.721 per gallon, which is 4.3 cents less than last week, 67 cents lower than last month, and $1.53 under last year. In San Diego, the price is $1.720, which is 2.3 cents under last week's price, 62 cents below last month, and $1.56 lower than last year. On the Central Coast, the average price is $1.811, down 1.2 cents from last week, 61 cents below last month, and $1.56 below last year. In the Inland Empire, the average per gallon price is $1.700, which is 3.7 cents under last week, down 63 cents from last month, and $1.54 less than last year.
"We have seen California wholesale gasoline prices and wholesale futures prices move rapidly upward in recent days, which will ultimately offset prices at the pump," said Auto Club spokesperson Jeffrey Spring. "Prices have begun increasing across the country as well as in Southern California, but with averages that are $1.50 less than this time last year, holiday travelers will still enjoy significant savings on their gas costs for end-of-the-year getaways."
The Weekend Gas Watch monitors the average price of gasoline as of 12:05 a.m. on Dec. 19.
Los Angeles – Long Beach
- 4.3 cents
- 4.1 cents
- 2.3 cents
Santa Barbara – Santa Maria – Lompoc
- 1.2 cents
Riverside – San Bernardino
- 3.7 cents
- 0.6 cent
Las Vegas, NV
- 4 cents