Gas Prices Continue Turkey Trot Downward

LOS ANGELES, Nov. 19, 2009) Slowly but steadily, gas prices dropped by another small amount over the past week throughout the Southland, 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 $2.68 per gallon, which is 2.2 cents less than last week, 4.5 cents less than last month, and 60 cents higher than last year. In San Diego, the price is $2.952, which is two cents lower than last week’s price, 2.6 cents below last month, and 64 cents higher than last year. On the Central Coast, the average price is $3.018, down 3.9 cents from last week, six cents lower than a month ago, and 62 cents above last year. In the Inland Empire, the average per gallon price is $2.954, which is two cents less than last week, 3.4 cents less than last month, and 65 cents more than last year.

“At the moment, the biggest factor driving prices downward seems to be the seasonal dip in demand,” said Auto Club spokesperson Jeffrey Spring. “Prices traditionally drop this time of year along with temperatures, which will be a little help for Thanksgiving travelers’ budgets.”

The Weekend Gas Watch monitors the average price of gasoline. As of 11 a.m. on Nov. 19, averages are:
Record Price
Los Angeles – Long Beach
    -2.2 cents
 $4.626 (6/21/08)
Orange County
    -2.0 cents
 $4.598 (6/19/08)
San Diego
    -2.0 cents
 $4.630 (6/19/08)
Santa Barbara – Santa Maria – Lompoc
    -3.9 cents
 $4.709 (6/21/08)
Riverside – San  Bernardino
     -2.0 cents
 $4.614 (6/22/08)
     -3.0 cents
 $4.591 (6/24/08)
     -4.1 cents
 $4.625 (6/18/08)

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Marie Montgomery
(714) 885-2333