(LOS ANGELES – March 22, 2012) –Gasoline prices region-wide in Southern California dropped about a penny compared to the prior week, following an earlier decline in wholesale gasoline prices, 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 $4.384 per gallon, which is 1.5 cents less than last week, 27 cents higher than last month, and 41 cents higher than last year. In San Diego, the price is $4.354, 2.6 cents below last week, 27 cents above last month, and 38 cents higher than last year. On the Central Coast, the average price is $4.429, down 1.7 cents from last week, 29.9 cents higher than a month ago, and 40 cents above last year. In the Inland Empire, the average per gallon price is $4.361, down 1.4 cents from last week, 28.7 cents higher than last month, and 41 cents more than last year.
“It’s a small decline, but we are seeing some impact at the pump from a reduction in wholesale gasoline prices,” said Auto Club spokesperson Jeffrey Spring. “This is the third week with relatively small price changes, so it may be a signal that prices have peaked early this year. However, spring typically is a volatile time for gas prices, and any incident relating to supply could make prices change direction.”
The Weekend Gas Watch monitors the average price of gasoline. As of 11 a.m. on March 22, averages are:
Los Angeles – Long Beach
Santa Barbara – Santa Maria – Lompoc
Riverside – San Bernardino