Gas Prices Head Upward Slightly

Gassing up by Ian Munroe
Photo copyright Ian Munroe https://www.flickr.com/photos/ian_munroe/ http://creativecommons.org/licenses/by/4.0/

Southern California gas prices stopped trickling downward and reversed course in most areas over the past week, according to the Automobile Club of Southern California's Weekend Gas Watch. The retail state average is $2.802 a gallon for regular today, nine-tenths of a cent more than last Thursday.


 
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $2.863 per gallon, which is 2.4 cents higher than last week, four cents higher than last month, and 13 cents higher than last year. In San Diego, the average price is $2.846, which is 1.2 cents higher than last week, four cents higher than last month, and 15 cents more than this time last year. On the Central Coast, the average price is $2.889, half a cent more than last week, six cents higher than a month ago, and 24 cents higher than last year. In the Inland Empire, the average per-gallon price is $2.812, 1.7 cents more than last week, five cents more than this time last month, and 12 cents more than last year.



“Although West Coast refinery inventory is reportedly plentiful, oil industry analysts say that increased out-of-state domestic and international demand has kept gas prices from falling as they did at this time last year,” said Auto Club spokesman Jeffrey Spring.  “Investors are reportedly also optimistic about higher oil and gasoline prices this year, which can play a role in pushing prices even higher.”

 

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on Feb. 2, averages are:

 

Area

Regular

1-week change

Record Price

Los Angeles – Long Beach

$2.863

+2.4 cents

  $4.705 (10/9/12)

 

 

 

 

Orange County

$2.859

+3.4 cents

 $4.690 (10/8/12)

 

 

 

 

San Diego

$2.846

+1.2 cents

 $4.725 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria –

Lompoc

$2.889

+0.5 cent

 $4.709 (6/21/08)

 

 

 

 

Riverside – San Bernardino

$2.812

 +1.7 cents

 $4.688 (10/8/12)

 

 

 

 

Ventura

$2.851

+2.3 cents

 $4.689 (10/7/12)

 

 

 

 

Bakersfield

$2.764

-0.8 cent

 $4.648 (10/9/12)