(LOS ANGELES, Aug. 22, 2008) - Southern California gas prices have now dropped continuously for the past nine weeks, adding nearly another 10 cents to the fall during the past seven days, 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 $3.976 per gallon, which is 9.5 cents less than last week, 48 cents lower than last month, and $1.16 above last year. In San Diego, the price is $3.923, which is 10 cents under last week's price, 50 cents below last month, and $1.07 higher than last year. On the Central Coast, the average price is $4.117, down 8.7 cents from last week, 41 cents below last month, and $1.06 more than last year. In the Inland Empire, the average per gallon price is $3.946, which is 9.5 cents under last week, down 49 cents from last month, and $1.15 higher than last year.
"Most Southern California regions now have an average price for regular that is below $4 per gallon," said Auto Club spokesperson Jeffrey Spring. "However, the international oil market continues to show volatility, so it's difficult to say which direction gasoline prices will move in the coming weeks."
The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m. Aug. 22:
Download Word version of chart by clicking here.
Area | Regular | One-week change | Record Price |
$3.976 | - 9.5 cents | $4.626 (6/21/08) | |
$3.930 | - 9.9 cents | $4.598 (6/19/08) | |
$3.923 | - 10.0 cents | $4.630 (6/19/08) | |
$4.117 | - 8.7 cents | $4.709 (6/21/08) | |
$3.946 | - 9.5 cents | $4.614 (6/22/08) | |
$4.072 | - 9.9 cents | $4.591 (6/24/08) | |
$3.764 | - 7.4 cents | $4.279 (6/21/08) |