Fifth Straight Week of Declines for Gas Prices

(LOS ANGELES, Feb. 18, 2010) –Southern California gas prices dropped to their lowest levels since just before Christmas as the 2010 downward streak at the pump continued for a fifth 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 $2.950 per gallon, which is 2.5 cents less than last week, ten cents less than last month, and 68 cents higher than last year. In San Diego, the price is $2.938, which is 2.7 cents less than last week’s price, 12 cents below last month, and 63 cents higher than last year. On the Central Coast, the average price is $3.002, down two cents from last week, 11 cents lower than a month ago, and 64 cents above last year. In the Inland Empire, the average per gallon price is $2.941, which is 1.8 cents less than last week, 10 cents less than last month, and 67 cents more than last year.

“Gas price declines are continuing at a very slight level,” said Auto Club spokesperson Jeffrey Spring. “Local gas price averages have remained stayed within the range of $2.80 to $3.20 a gallon since June of last year, and within the range of $2.90 to $3.10 since October. Once price averages for the larger metropolitan areas have neared the $2.90 mark in recent months, the declines have stopped.”

The Weekend Gas Watch monitors the average price of gasoline. As of 1 p.m. on Feb. 18, averages are:
 
Area                   
 Regular
One-week
change
 
Record Price
 
Los Angeles – Long Beach
$2.950
    -2.5 cents
 $4.626 (6/21/08)
 
 
 
 
Orange County
$2.934
     -3.2 cents
 $4.598 (6/19/08)
 
 
 
 
San Diego
$2.938
     -2.7 cents
 $4.630 (6/19/08)
 
 
 
 
Santa Barbara – Santa Maria – Lompoc
$3.002
     -2.0 cents
 $4.709 (6/21/08)
 
 
 
 
Riverside – San  Bernardino
$2.941
     -1.8 cents
 $4.614 (6/22/08)
 
 
 
 
Bakersfield
$2.996
      -2.9 cents
 $4.591 (6/24/08)
 
 
 
 
Ventura
$2.924
      -3.0 cents
 $4.625 (6/18/08)

Media Contacts

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