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Gas Prices Hold, But Drop Could Be Coming Due To Lockdown

Sunrise at gas station by Don DeBold
Photo by Don DeBold https://www.flickr.com/photos/ddebold/ https://creativecommons.org/licenses/ by/4.0/

Gas prices moved very little over the past week, but could drop soon with new pandemic-related lockdown orders, according to the Automobile Club of Southern California’s Weekend Gas Watch. Today’s retail statewide average is $3.18 a gallon for regular unleaded, which is the same as last Thursday.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.16 per gallon, which is one cent higher than last week, the same as a month ago, and 66 cents lower than last year. In San Diego, the average price is $3.16, which is one cent higher than last Thursday, one cent more than than last month, and 65 cents lower than last year.

On the Central Coast, the average price is $3.20, which is one cent more than last week, the same as last month, and 70 cents lower than last year.  In Riverside, the average per-gallon price is $3.11, which is the same as last week and last month, and 62 cents lower than last year. In Bakersfield, the $3.10 average price is one cent less than last week, one cent less than last month, and 82 cents lower than a year ago today.

“With new stay-at-home orders issued by the city of Los Angeles, we could be seeing another drop in gasoline demand,” said Auto Club spokesman Jeffrey Spring. “According to Oil Price Information Service, California’s fuel demand is now 19 percent below a year ago, and at the height of the lockdown in April it was 55 percent below 2019 levels.”

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on Dec. 3, averages are:

Dec 3 chart

 

Media Contacts

Marie Montgomery
(714) 885-2333
Montgomery.Marie@aaa-calif.com
Doug Shupe
LA-based media contact
(512) 659-1632
shupe.doug@aaa-calif.com
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The Automobile Club of Southern California is a member club affiliated with the American Automobile Association (AAA) national federation and serves members in the following California counties: Inyo, Imperial, Kern, Los Angeles, Mono, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Santa Barbara, Tulare, and Ventura.