Auto Club: Gas Prices Plummet

(LOS ANGELES, July 25, 2008) - Southern California gas price drops picked up a head of steam in their fifth straight week of decreases, plunging by about a dime on average over the past week, 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 $4.410 per gallon, which is 9.8 cents less than last week, 21 cents lower than last month, and $1.32 above last year. In San Diego, the price is $4.365, which is 10.8 cents lower than last week's price, 25 cents below last month, and $1.26 higher than last year. On the Central Coast, the average price is $4.506, down 9.8 cents from last week, 19 cents below last month, and $1.21 more than last year. In the Inland Empire, the average per gallon price is $4.381, 10.2 cents under last week, down 23 cents from last month, and $1.32 higher than last year.
 
"Gas prices are dropping not just in Southern California, but around the country," said Auto Club spokesperson Jeffrey Spring. "We've seen gas prices retreat back below $4 in more than half of the U.S. states."
 
The Weekend Gas Watch monitors the average price of gasoline as of 12:05 a.m. July 25:
 
 

Area                   

 Regular

One-week

change

 

Record Price

 

Los AngelesLong Beach

$4.410

    - 9.8 cents

 $4.626 (6/21/08)

 

 

 

 

Orange County

$4.358

    - 10.3 cents

 $4.598 (6/19/08)

 

 

 

 

San Diego

$4.365

    - 10.8 cents

 $4.630 (6/19/08)

 

 

 

 

Santa BarbaraSanta MariaLompoc

$4.506

    - 9.8 cents

 $4.709 (6/21/08)

 

 

 

 

RiversideSan  Bernardino

$4.381

    - 10.2 cents

 $4.614 (6/22/08)

 

 

 

 

Bakersfield

$4.433

    - 8.8 cents

 $4.591 (6/24/08)

 

 

 

 

Las Vegas, NV

$4.118

    - 9 cents

 $4.279 (6/21/08)