Gas Prices Keep Dropping

Despite some concerns about supply, Southern California gas prices continued dropping over the past week, according to the Automobile Club of Southern California's Weekend Gas Watch. The state average is $3.897 a gallon for regular today – 2.2 cents lower than last week.

 

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.898 per gallon, which is 3.4 cents less than last week, 19 cents lower than last month, and 29 cents lower than last year. In San Diego, the average price is $3.877, which is 2.9 cents below last week, 19 cents below last month, and 30 cents lower than last year. On the Central Coast, the average price is $3.983, down 3.3 cents from last week, 17 cents lower than a month ago, and 24 cents less than last year. In the Inland Empire, the average per-gallon price is $3.875, down 4.0 cents from last week, 18 cents lower than last month, and 29 cents less than last year.

 

“There are continued reports of record low stockpiles of Southern California’s blend of gasoline, but for the moment, day-to-day wholesale gas prices are still at a point that should create continued price decreases at the pump,” said Auto Club spokesperson Jeffrey Spring. “For the first time since at least the year 2000, Southern California gas prices dropped more often in March and April than they rose, but the price for that was the big spike in February.”

  

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

Area                   

Regular

One-week

change

 

Record Price

 

Los Angeles – Long Beach

$3.898 

-3.4 cents

 $4.705 (10/9/12)

 

 

 

 

Orange County

$3.864

-2.9 cents

 $4.690 (10/8/12)

 

 

 

 

San Diego

$3.877

-2.9 cents

 $4.725 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria – Lompoc

$3.983

-3.3 cents

 $4.709 (6/21/08)

 

 

 

 

Riverside – San  Bernardino

$3.875

-4.0 cents

 $4.688 (10/8/12)

 

 

 

 

Bakersfield

$3.925

-1.6 cents

 $4.648 (10/9/12)

 

 

 

 

Ventura

$3.890

-4.3 cents

   $4.689 (10/7/12)