Auto Club: Reality Bites Into Gas Price Increases

(LOS ANGELES, Jan. 14, 2010) – Southern California gas prices posted a small increase over the past week and have barely budged in the last two days, as investor frenzy has cooled a bit in the face of continued sluggish demand in the U.S., 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 $3.066 per gallon, which is 2.1 cents more than last week, 14 cents more than last month, and $1.09 higher than last year. In San Diego, the price is $3.064, which is 1.8 cents more than last week’s price, 15 cents above last month, and $1.04 higher than last year. On the Central Coast, the average price is $3.109, up 1.1 cents from last week, up 12 cents from a month ago, and $1.04 above last year. In the Inland Empire, the average per gallon price is $3.049, which is 2.8 cents more than last week, 14 cents more than last month, and $1.07 more than last year.

“Fortunately for drivers, the penny-a-day price increases at the beginning of January didn’t continue during the second week of the month,” said Auto Club spokesperson Jeffrey Spring. “This is typically a time of year when gas prices could be expected to stay stable or even decline somewhat as refineries prepare to sell off what’s left of their winter-blend gasoline and begin producing the summer blend that is required for use by vehicles statewide beginning in March.”

The Weekend Gas Watch monitors the average price of gasoline. As of 1 p.m. on Jan. 14, averages are:
 
Area                   
 Regular
One-week
change
 
Record Price
 
Los Angeles – Long Beach
$3.066
    + 2.1 cents
 $4.626 (6/21/08)
 
 
 
 
Orange County
$3.064
     +2.5 cents
 $4.598 (6/19/08)
 
 
 
 
San Diego
$3.064
     +1.8 cents
 $4.630 (6/19/08)
 
 
 
 
Santa Barbara – Santa Maria – Lompoc
$3.109
     +1.1 cents
 $4.709 (6/21/08)
 
 
 
 
Riverside – San  Bernardino
$3.049
     +2.8 cents
 $4.614 (6/22/08)
 
 
 
 
Bakersfield
$3.094
      +3.1 cents
 $4.591 (6/24/08)
 
 
 
 
Ventura
$3.064
      +2.2 cents
 $4.625 (6/18/08)

Media Contacts

Marie Montgomery
(714) 885-2333
Montgomery.Marie@aaa-calif.com