Auto Club: Gas Prices Post First Decline in Six Weeks

(LOS ANGELES, Jan. 21, 2010) – Southland gas prices are dipping slightly after six weeks of increases, 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 $3.042 per gallon, which is 2.4 cents less than last week, 12 cents more than last month, and 99 cents higher than last year. In San Diego, the price is $3.049, which is 1.5 cents less than last week’s price, 14 cents above last month, and 97 cents higher than last year. On the Central Coast, the average price is $3.098, down 1.1 cents from last week, up 11 cents from a month ago, and 96 cents above last year. In the Inland Empire, the average per gallon price is $3.029, which is two cents less than last week, 12 cents more than last month, and 97 cents more than last year.

“As volatile as gas prices are, it’s hard to point out a pattern, but usually in January there is somewhat of a downturn,” said Auto Club spokesperson Jeffrey Spring. “It’s typically a low point of the year for gas prices because of lower demand and refineries managing their product to ensure they don’t have a surplus of the ‘winter blend’ of fuel they must stop selling each spring. California air quality regulations require that each April, gas stations must begin selling the ‘summer blend’ of fuel that burns more cleanly in warmer temperatures.”

The Weekend Gas Watch monitors the average price of gasoline. As of 1 p.m. on Jan. 21, averages are:
Record Price
Los Angeles – Long Beach
    -2.4 cents
 $4.626 (6/21/08)
Orange County
     -1.8 cents
 $4.598 (6/19/08)
San Diego
     -1.5 cents
 $4.630 (6/19/08)
Santa Barbara – Santa Maria – Lompoc
     -1.1 cents
 $4.709 (6/21/08)
Riverside – San  Bernardino
     -2.0 cents
 $4.614 (6/22/08)
      -0.4 cents
 $4.591 (6/24/08)
      -2.5 cents
 $4.625 (6/18/08)