(LOS ANGELES – Jan. 19, 2012) – Pump prices are taking a breath and are now moving very little in most areas of Southern California, 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 $3.732 per gallon, which is unchanged from last week, 17 cents higher than last month, and 38 cents higher than last year. In San Diego, the price is $3.727, an increase of three-tenths of a cent from last week, 19 cents above last month, and 38 cents higher than last year. On the Central Coast, the average price is $3.762, up 1.5 cents from last week, 17 cents higher than a month ago, and 37 cents above last year. In the Inland Empire, the average per gallon price is $3.713, up two-tenths of a cent from last week, 19 cents higher than last month, and 38 cents more than last year.
“We typically see gas prices either stabilize or decline in January because of lower demand than during other parts of the year, so this is not unusual,” said Auto Club spokesperson Jeffrey Spring. “The sharp gas price increases of earlier this month were in response to crude prices that leaped above $100 a barrel last month.”
The Weekend Gas Watch monitors the average price of gasoline. As of noon on Jan. 19, averages are:
Los Angeles – Long Beach
Santa Barbara – Santa Maria – Lompoc
Riverside – San Bernardino