Gas Prices Drop Before Holiday Weekend

After a hefty price spike earlier this month, gas prices dropped in the past week and partially offset those increases, according to the Automobile Club of Southern California’s Weekend Gas Watch. But even with the decreases, holiday travelers in Southern California will be paying the highest gas prices ever for Memorial Day weekend.
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.332 per gallon, which is 7.3 cents less than last week, 13 cents higher than last month, and 21 cents higher than last year. In San Diego, the price is $4.315, 5.4 cents below last week, 11 cents above last month, and 24 cents higher than last year. On the Central Coast, the average price is $4.369, down 5.1 cents from last week, 11 cents higher than a month ago, and 20 cents above last year. In the Inland Empire, the average per gallon price is $4.311, down 5.9 cents from last week, 12 cents higher than last month, and 23 cents more than last year.
“Gas prices are fortunately decreasing by a penny a day or more right now, but we’re not yet seeing any stations with prices under $4 a gallon as was the case earlier this month,” said Auto Club spokesperson Jeffrey Spring. “The Auto Club is projecting a slight increase of 1.6 percent in the number of holiday travelers this weekend. Even though prices are higher than they’ve ever been for this holiday, we are seeing more activity for travel than during the recession years of 2008 and 2009.”
The Weekend Gas Watch monitors the average price of gasoline. As of 10 a.m. on May 24, averages are:
Record Price
Los Angeles – Long Beach
      -7.3 cents
 $4.626 (6/21/08)
Orange County
     -7.4 cents
 $4.598 (6/19/08)
San Diego
     -5.4 cents
 $4.630 (6/19/08)
Santa Barbara – Santa Maria – Lompoc
     -5.1 cents
 $4.709 (6/21/08)
Riverside – San  Bernardino
     -5.9 cents
 $4.614 (6/22/08)
      -3.5 cents
 $4.591 (6/24/08)
      -6.6 cents
 $4.625 (6/18/08)

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