Gas Prices Inch Down for Third Straight Week

(LOS ANGELES – April 5, 2012) –Southern California gas prices dropped for the third week in a row as other parts of the country continued to experience price increases, 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 $4.314 per gallon, which is 4.4 cents less than last week, 6.1 cents lower than last month, and 24 cents higher than last year. In San Diego, the price is $4.304, 3.1 cents below last week, 6.8 cents below last month, and 24 cents higher than last year. On the Central Coast, the average price is $4.36, down 4.5 cents from last week, 5.8 cents lower than a month ago, and 24 cents above last year. In the Inland Empire, the average per gallon price is $4.304, down 3.6 cents from last week, 5.5 cents lower than last month, and 25 cents more than last year.
“Given the big wholesale fuel price declines in California, it’s unclear why we aren’t seeing more significant price drops at the pump,” said Auto Club spokesperson Jeffrey Spring. “This time last year, we were paying about a quarter less per gallon.”
The Weekend Gas Watch monitors the average price of gasoline. As of 11 a.m. on April 5, averages are:
Record Price
Los Angeles – Long Beach
      -4.4 cents
 $4.626 (6/21/08)
Orange County
     -4.6 cents
 $4.598 (6/19/08)
San Diego
     -3.1 cents
 $4.630 (6/19/08)
Santa Barbara – Santa Maria – Lompoc
     -4.5 cents
 $4.709 (6/21/08)
Riverside – San  Bernardino
     -3.6 cents
 $4.614 (6/22/08)
      -1.3 cents
 $4.591 (6/24/08)
      -3.7 cents
 $4.625 (6/18/08)

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