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Gas Prices Continue Moving Up As Inventory, Production Drop

Pump Jack by Bureau of Land ManagementPNG
Photo by US Bureau of Land Management https://www.flickr.com/photos/ mypubliclands/ https://creativecommons.org/licenses/ by/4.0/  

Increased supply concerns are pushing Southern California gas price averages well above $4 a gallon in many areas, according to the Automobile Club of Southern California’s Weekend Gas Watch. Today’s retail statewide average is $4.07 a gallon for regular unleaded, which is six cents higher than last week.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.12 per gallon, which is six cents higher than last week, 16 cents higher than last month, and $1.30 higher than last year. In San Diego, the average price is $4.10, which is five cents higher than last week, 13 cents more than last month, and $1.32 higher than last year.

On the Central Coast, the average price is $4.09, which is five cents higher than last week, 17 cents higher than last month, and $1.18 higher than last year.  In Riverside, the average per-gallon price is $4.04, which is five cents higher than last week, 14 cents higher than last month, and $1.37 higher than last year. In Bakersfield, the $3.97 average price is six cents higher than last week, 14 cents higher than last month, and $1.45 higher than a year ago today.

“The California Energy Commission reports that California gasoline inventories are down for the third straight week while production is also reduced because of refinery maintenance,” said Auto Club spokesman Jeffrey Spring. “This is a typical pattern that we see during the spring months that has returned after the pandemic shutdowns because fuel demand is now increasing.”

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on May 6, averages are:

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Media Contacts

Jeffrey Spring
(714) 742-7754
Spring.Jeffrey@aaa-calif.com
Doug Shupe
LA-based media contact
(512) 659-1632
shupe.doug@aaa-calif.com
CST 1016202-80 Copyright © Automobile Club of Southern California. All Rights Reserved.
The Automobile Club of Southern California is a member club affiliated with the American Automobile Association (AAA) national federation and serves members in the following California counties: Inyo, Imperial, Kern, Los Angeles, Mono, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Santa Barbara, Tulare, and Ventura.