Gas Price Drops Slow To A Crawl

Gilmore Gas
Photo by Stefanus Prayitno

Local gas prices moved downward just a tick in most areas over the last week, despite reports of gasoline stockpiles in California and oil stockpiles throughout the U.S., according to the Automobile Club of Southern California's Weekend Gas Watch. The state average is $3.585 a gallon for regular today – five-tenths of one cent less than last week.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.607 per gallon, which is 1.3 cents less than last week, 7.4 cents lower than last month, and 20 cents lower than last year. In San Diego, the average price is $3.611, which is four-tenths of a cent below last week, 6.7 cents lower than last month, and 17.5 cents lower than last year. On the Central Coast, the average price is $3.647, down two-tenths of a cent from last week, 5.6 cents lower than a month ago, and 15 cents less than last year. In the Inland Empire, the average per-gallon price is $3.592, down 2.1 cents from last week, 6.6 cents less than last month, and 17.5 cents less than last year.

“Wholesale prices in Los Angeles hit their lowest point in nearly two years on Jan. 15, but have surged by nearly 30 cents,” said Auto Club spokesman Jeffrey Spring. “Last year at this time, we were experiencing the start of a 50-plus cent price spike, but so far local pump prices have been relatively stable.”

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on Jan. 30, averages are: 

Area                   

Regular

One-week

change

 

Record Price

 

Los Angeles – Long Beach

$3.607

-1.3 cents

 $4.705 (10/9/12)

 

 

 

 

Orange County

$3.599

-0.7 cents

 $4.690 (10/8/12)

 

 

 

 

San Diego

$3.611

  -0.4 cents

 $4.725 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria – Lompoc

$3.647

-0.2 cents

 $4.709 (6/21/08)

 

 

 

 

Riverside – San  Bernardino

$3.592

-2.1 cents

 $4.688 (10/8/12)

Ventura

$3.602

-1.8 cents

   $4.689 (10/7/12)