Gas Prices Hold Steady

gas pump upper horizontal

Gas prices moved by less than a penny in most Southern California areas over the last week, according to the Automobile Club of Southern California's Weekend Gas Watch. The state average is $3.664 a gallon for regular today – one-tenth of one cent higher than last week.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.695 per gallon, which is one-tenth of one cent less than last week, 5 cents higher than last month, and 2.5 cents higher than last year. In San Diego, the average price is $3.690, which is one-tenth of a cent below last week, 6 cents higher than last month, and 4 cents higher than last year. On the Central Coast, the average price is $3.714, down 1 cent from last week, 3 cents higher than a month ago, and 4 cents more than last year. In the Inland Empire, the average per-gallon price is $3.679, up five-tenths of a cent from last week, 7 cents higher than last month, and 5 cents more than last year.

“Wholesale prices have dropped about 25 cents since New Year’s Eve on reports of large fuel stockpiles locally, but those reductions have yet to make it to the prices at the pump,” said Auto Club spokesman Jeffrey Spring.

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

Area                   

Regular

One-week

change

 

Record Price

 

Los Angeles – Long Beach

$3.695

-0.1 cent

 $4.705 (10/9/12)

 

 

 

 

Orange County

$3.677

-0.5 cent

 $4.690 (10/8/12)

 

 

 

 

San Diego

$3.690

  -0.1 cent

 $4.725 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria – Lompoc

$3.714

-1.0 cent

 $4.709 (6/21/08)

 

 

 

 

Riverside – San  Bernardino

$3.679

+0.5 cents

 $4.688 (10/8/12)