Gas Prices Drop For Fifth Week

Gas Station Clouds Yuya Sekiguchi
Photo by Yuya Sekiguchi http://www.flickr.com/photos/yuyasekiguchi http://creativecommons.org/licenses/by/4.0/ legalcode

After five straight weeks of drops, local gas prices are now about 30 cents lower than at the beginning of July and 40 to 45 cents below their high point for 2014, according to the Automobile Club of Southern California's Weekend Gas Watch. The retail state average is $3.90 a gallon for regular today, 3.2 cents less than last week.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.888 per gallon, which is 4 cents less than last week, 24 cents less than last month, and 3 cents lower than last year. In San Diego, the average price is $3.867, which is 3.2 cents less than last week, 23 cents lower than last month, and 5 cents lower than last year. On the Central Coast, the average price is $3.967, 3.2 cents less than last week, 18 cents lower than a month ago, and 5 cents less than last year. In the Inland Empire, the average per-gallon price is $3.854, down 4 cents from last week, 25 cents less than last month, and 5 cents less than last year.

“Right now, there is a wider difference in individual gas station prices in Southern California,” said Auto Club spokesman Jeffrey Spring. “At the moment, $3.50 to $3.65 a gallon is a good deal in most areas.”

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on Aug. 14, averages are: 

Area

Regular

One-week

change

Record Price

Los Angeles – Long Beach

$3.888

   -4.0 cents

$4.705 (10/9/12)

 

 

 

 

Orange County

$3.862

-3.8 cents

$4.690 (10/8/12)

 

 

 

 

San Diego

$3.867

   -3.2 cents

$4.725 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria – Lompoc

$3.967

 -3.2 cents

$4.709 (6/21/08)

 

 

 

 

Riverside – San Bernardino

$3.854

-4.0 cents

$4.688 (10/8/12)

Ventura

$3.889

 -3.8 cents

$4.689 (10/7/12)

 

 

 

 

Bakersfield

$3.919

-4.6 cents

$4.648 (10/9/12)