Crude Oil Stays Low, Gas Prices Keep Dropping

(LOS ANGELES – Aug. 18, 2011) –Southern California gas prices continued dropping for a second straight 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 $3.705 per gallon, which is five cents lower than last week, 11 cents lower than last month, and 57 cents higher than last year. In San Diego, the price is $3.719, a decrease of 4.9 cents from last week, nine cents below last month, and 58 cents higher than last year. On the Central Coast, the average price is $3.751, down 4.3 cents from last week, ten cents lower than a month ago, and 55 cents above last year. In the Inland Empire, the average per gallon price is $3.691, down 4.6 cents from last week, ten cents lower than last month, and 57 cents more than last year.
 
“As the cheaper crude oil makes its way through the refining process and into gas stations, we’re continuing to see pump prices drop,” said Auto Club spokesperson Jeffrey Spring. “Southern California gas prices haven’t been this low since February of this year.”   
 
The Weekend Gas Watch monitors the average price of gasoline. As of noon on Aug. 18, averages are:
 
Area                   
 Regular
One-week
change
 
Record Price
 
Los Angeles – Long Beach
$3.705
     -5.0 cents
 $4.626 (6/21/08)
 
 
 
 
Orange County
$3.691
     -4.9 cents
 $4.598 (6/19/08)
 
 
 
 
San Diego
$3.719
     -4.9 cents
 $4.630 (6/19/08)
 
 
 
 
Santa Barbara – Santa Maria – Lompoc
$3.751
     -4.3 cents
 $4.709 (6/21/08)
 
 
 
 
Riverside – San  Bernardino
$3.691
     -4.6 cents
 $4.614 (6/22/08)
 
 
 
 
Bakersfield
$3.743
      -4.3 cents
 $4.591 (6/24/08)
 
 
 
 
Ventura
$3.692
      -4.7 cents
 $4.625 (6/18/08)

Media Contacts

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