(LOS ANGELES, Aug. 8, 2008) - Southern California gas prices have now dropped by about 10 percent in the past seven weeks after experiencing another sizable reduction over 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 $4.179 per gallon, which is 10 cents less than last week, 40 cents lower than last month, and $1.21 above last year. In San Diego, the price is $4.132, which is 10.1 cents under last week's price, 41 cents below last month, and $1.13 higher than last year. On the Central Coast, the average price is $4.296, down 8.6 cents from last week, 35 cents below last month, and $1.10 more than last year. In the Inland Empire, the average per gallon price is $4.155, 10.4 cents under last week, down 40 cents from last month, and $1.21 higher than last year.
"Our gas price drops over the past month have averaged more than a penny a day, but during the month before prices peaked, they were going up by over two cents a day," said Auto Club spokesperson Jeffrey Spring. "We're still a long way away from the $3 price averages that we paid this time last year. Consumers should continue to shop aggressively for the best prices and seek out those stations charging less than $4 a gallon if they are along their routes. Santa Ana, Huntington Beach, Lakewood, Pasadena, Woodland Hills, Bakersfield, La Quinta, Corona, El Cajon, Chula Vista, and Oxnard are among the local cities with some station prices under $4."
The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m. Aug. 8:
Los Angeles – Long Beach
- 10.0 cents
- 10.1 cents
- 8.4 cents
Santa Barbara – Santa Maria – Lompoc
- 8.6 cents
Riverside – San Bernardino
- 10.4 cents
- 8.6 cents
Las Vegas, NV
- 6.6 cents