Gas Prices Drop Slightly for Second Straight Week

(LOS ANGELES, Nov. 4, 2010) – Gas prices continued dropping just slightly over the past week, but averages remain above $3.10 a gallon in many Southland areas, 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 $3.110 per gallon, which is nine-tenths of a cent less than last week, 13 cents higher than last month, and nine cents higher than last year. In San Diego, the price is $3.113, which is 2.3 cents less than last week’s price, 13 cents above last month, and 12 cents higher than last year. On the Central Coast, the average price is $3.179, down two-tenths of a penny from last week, 14 cents higher than a month ago, and eight cents above last year. In the Inland Empire, the average per gallon price is $3.105, which is 1.1 cents lower than last week, 15 cents higher than last month, and 11 cents more than last year.
“Gas prices this week continued to do what they have done best in 2010, which is to move very little,” said Auto Club spokesperson Jeffrey Spring. “There are many forces at work in the gasoline market which so far have been counteracting one another to prevent wild price swings at the pump.”
The Weekend Gas Watch monitors the average price of gasoline. As of 1 p.m. on Nov. 4, averages are:
Record Price
Los Angeles – Long Beach
     -0.9 cent
 $4.626 (6/21/08)
Orange County
     -1.6 cents
 $4.598 (6/19/08)
San Diego
     -2.3 cents
 $4.630 (6/19/08)
Santa Barbara – Santa Maria – Lompoc
     -0.2 cent
 $4.709 (6/21/08)
Riverside – San  Bernardino
     -1.1 cents
 $4.614 (6/22/08)
      -0.8 cent
 $4.591 (6/24/08)
      -1.1 cents
 $4.625 (6/18/08)

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