Gas Price Averages Now Below $4 In Most Areas

Local gas price averages dropped below $4 a gallon as expected in the last week, but are still more than 30 cents a gallon higher than at the beginning of the year, according to the Automobile Club of Southern California's Weekend Gas Watch. The state average is $3.962 a gallon for regular today – 4.1 cents lower than last week.

 

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.988 per gallon, which is 4.7 cents less than last week, 20 cents lower than last month, and 25 cents lower than last year. In San Diego, the average price is $3.969, which is 4.5 cents below last week, 17 cents below last month, and 26 cents lower than last year. On the Central Coast, the average price is $4.065, down 4.5 cents from last week, 17 cents lower than a month ago, and 23 cents less than last year. In the Inland Empire, the average per-gallon price is $3.971, down 4.1 cents from last week, 18 cents lower than last month, and 26 cents less than last year.

 

“Los Angeles wholesale prices have dropped by about 30 cents since the beginning of April, or about 2 cents a day, so that should hopefully accelerate the retail gas price declines, provided the trend continues,” said Auto Club spokesperson Jeffrey Spring. “Supply concerns seem to have been addressed in Southern California.”

  

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on April 18, averages are: 

Area                   

Regular

One-week

change

 

Record Price

 

Los Angeles – Long Beach

$3.988 

-4.7 cents

 $4.705 (10/9/12)

 

 

 

 

Orange County

$3.951

-5.4 cents

 $4.690 (10/8/12)

 

 

 

 

San Diego

$3.969

-4.5 cents

 $4.725 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria – Lompoc

$4.065

-4.5 cents

 $4.709 (6/21/08)

 

 

 

 

Riverside – San  Bernardino

$3.971

-4.1 cents

 $4.688 (10/8/12)

 

 

 

 

Bakersfield

$3.981

-3.6 cents

 $4.648 (10/9/12)

 

 

 

 

Ventura

$3.983

-6.2 cents

   $4.689 (10/7/12)