Gas Prices Drop For Seventh Straight Week

(LOS ANGELES – June 23, 2011) –Southland gas prices dropped for a seventh straight week, continuing the slide that began in early May, 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 $3.896 per gallon, which is 4.5 cents lower than last week, 29 cents lower than last month, and 89 cents higher than last year. InSan Diego, the price is $3.865, a decrease of 4.1 cents from last week, 23 cents below last month, and 76 cents higher than last year. On theCentralCoast, the average price is $3.916, down 6.4 cents from last week, 25 cents lower than a month ago, and 75 cents above last year. In theInland Empire, the average per gallon price is $3.865, which is 4.1 cents lower than last week, 23 cents lower than last month, and 78 cents more than last year.
“Prices have been declining more slowly in recent days,” said Auto Club spokespersonJeffreySpring. “However, oil prices took a tumble today to just below $92 per barrel after news about the economy and an announced release of oil from the Strategic Petroleum Reserve. If the lower oil price holds, we may see additional declines at the pump.”
The Weekend Gas Watch monitors the average price of gasoline. As of noon on June 23, averages are:
Record Price
Los Angeles–Long Beach
     -4.5 cents
 $4.626 (6/21/08)
     -4.4 cents
 $4.598 (6/19/08)
San Diego
     -4.1 cents
 $4.630 (6/19/08)
Santa Barbara–Santa Maria–Lompoc
     -6.4 cents
 $4.709 (6/21/08)
Riverside–San  Bernardino
     -4.1 cents
 $4.614 (6/22/08)
      -4.5 cents
 $4.591 (6/24/08)
      -4.4 cents
 $4.625 (6/18/08)

Media Contacts

Jeffrey Spring
(714) 885-2333