Auto Club: Fourth Week Of Gas Price Drops

(LOS ANGELES, July 18, 2008)Gas prices continued backing away from records set nearly a month ago, and some areas saw price declines of nearly a penny per day, 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 $4.508 per gallon, which is 5.6 cents less than last week, 11 cents higher than last month, and $1.39 above last year. In San Diego, the price is $4.473, which is 5.3 cents lower than last week’s price, 15 cents below last month, and $1.34 higher than last year. On the Central Coast, the average price is $4.604, down 2.1 cents from last week, 10 cents below last month, and $1.28 more than last year. In the Inland Empire, the average per gallon price is $4.483, 4.5 cents under last week, down 12 cents from last month, and $1.38 higher than last year.

“Decreased demand finally may be playing a role in helping to bring down local gas prices,” said Auto Club spokesperson Jeffrey Spring. “Motorists are reducing the amount that they drive, and they can save even more money on fuel just by driving the speed limit, particularly on the freeways.”

 

The Weekend Gas Watch monitors the average price of gasoline as of 12:05 a.m. July 18:
 
 
Area                   
 Regular
One-week
change
 
Record Price
 
Los AngelesLong Beach
$4.508
    - 5.6 cents
 $4.626 (6/21/08)
 
 
 
 
Orange County
$4.461
    - 6.3 cents
 $4.598 (6/19/08)
 
 
 
 
San Diego
$4.473
    - 5.3 cents
 $4.630 (6/19/08)
 
 
 
 
Santa BarbaraSanta MariaLompoc
$4.604
    - 2.1 cents
 $4.709 (6/21/08)
 
 
 
 
RiversideSan  Bernardino
$4.483
    - 4.5 cents
 $4.614 (6/22/08)
 
 
 
 
Bakersfield
$4.521
    - 3.1 cents
 $4.591 (6/24/08)
 
 
 
 
Las Vegas, NV
$4.208
    - 2.5 cents
 $4.279 (6/21/08)