Gas Prices Headed Toward Lowest Levels of 2010, But Will They Make It?

(LOS ANGELES, Sept. 16, 2010) – Southland gas prices are just pennies away from dropping to their lowest point of the year, with San Diego and Ventura motorists seeing price averages below $3 a gallon for the first time since February, 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 $2.972 per gallon, which is 3.5 cents less than last week, 17 cents lower than last month, and 17 cents lower than last year. In San Diego, the price is $2.988, 2.8 cents lower than last week’s price, 16 cents below last month, and 17 cents lower than last year. On the Central Coast, the average price is $3.045, down seven-tenths of one cent from last week, 16 cents lower than a month ago, and 18 cents below last year. In the Inland Empire, the average per gallon price is $2.957, which is 3.4 cents lower than last week, 18 cents lower than last month, and 17 cents less than last year.
 
“Other parts of the country are seeing plateaus or price increases because of a Midwest oil pipeline closure that fortunately has not affected California supplies,” said Auto Club spokesperson Jeffrey Spring.  “Local prices are just two or three cents higher than their 2010 low point in late February, but we’ve already seen some small price jumps this week in central and northern cities, so it’s uncertain whether we’ll continue to experience price decreases.”
 
The Weekend Gas Watch monitors the average price of gasoline. As of 1 p.m. on Sept. 16, averages are:
 
Area                   
 Regular
One-week
change
 
Record Price
 
Los Angeles – Long Beach
$2.972
     -3.5 cents
 $4.626 (6/21/08)
 
 
 
 
Orange County
$2.963
     -3.5 cents
 $4.598 (6/19/08)
 
 
 
 
San Diego
$2.988
     -2.8 cents
 $4.630 (6/19/08)
 
 
 
 
Santa Barbara – Santa Maria – Lompoc
$3.045
     -0.7 cent
 $4.709 (6/21/08)
 
 
 
 
Riverside – San  Bernardino
$2.957
     -3.4 cents
 $4.614 (6/22/08)
 
 
 
 
Bakersfield
$3.067
      -2.7 cents
 $4.591 (6/24/08)
 
 
 
 
Ventura
$2.993
      -2.3 cents
 $4.625 (6/18/08)