Gas Price Decreases Gain Momentum

(LOS ANGELES – Sept. 29, 2011) –Local gas prices began falling by nearly a penny a day in the last 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 $3.875 per gallon, which is 5.6 cents lower than last week, 6.1 cents higher than last month, and 90 cents higher than last year. In San Diego, the price is $3.865, a decrease of 6.2 cents from last week, 4.8 cents above last month, and 88 cents higher than last year. On the Central Coast, the average price is $3.913, down 6.1 cents from last week, 5.8 cents higher than a month ago, and 88 cents above last year. In the Inland Empire, the average per gallon price is $3.856, down a nickel from last week, 7.3 cents higher than last month, and 89 cents more than last year.
“Gas prices in the western U.S. states have dropped, but more slowly than in other areas – Missouri and South Carolina now have averages below $3.20 a gallon, while Oregon and Washington averages are in the $3.80 range along with California,” said Auto Club spokesperson Jeffrey Spring. “There are reports of some production issues locally, as well as the increased overseas selling of diesel, that have kept prices from falling more quickly in this area.”
The Weekend Gas Watch monitors the average price of gasoline. As of noon on Sept. 29, averages are:
Record Price
Los Angeles – Long Beach
     -5.6 cents
 $4.626 (6/21/08)
Orange County
     -6.4 cents
 $4.598 (6/19/08)
San Diego
     -6.2 cents
 $4.630 (6/19/08)
Santa Barbara – Santa Maria – Lompoc
     -6.1 cents
 $4.709 (6/21/08)
Riverside – San  Bernardino
     -5.0 cents
 $4.614 (6/22/08)
      -4.9 cents
 $4.591 (6/24/08)
      -4.9 cents
 $4.625 (6/18/08)

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Marie Montgomery
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