Gas Prices Post Second Weekly Decline

Weekly Fuel Prices Report
Southland gas prices dropped slightly for the second consecutive week, 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 $3.028 per gallon, which is 1.4 cents less than last week, 10 cents more than last month, and 95 cents higher than last year. In San Diego, the price is $3.024, which is 2.5 cents less than last week’s price, 8.9 cents above last month, and 93 cents higher than last year. On the Central Coast, the average price is $3.076, down 2.2 cents from last week, up 8.6 cents from a month ago, and 92 cents above last year. In the Inland Empire, the average per gallon price is $3.014, which is 1.5 cents less than last week, 8.6 cents more than last month, and 94 cents more than last year.

“We’re seeing a price drop that we typically see in winter months because of lower demand,” said Auto Club spokesperson Jeffrey Spring. “Oil prices have stabilized below $80 per barrel in the past few days and inventories are still strong, so retail prices are beginning to reflect these fundamentals.”

The Weekend Gas Watch monitors the average price of gasoline. As of 1 p.m. on Jan. 28, averages are:
 
Area                   
 Regular
One-week
change
 
Record Price
 
Los Angeles – Long Beach
$3.028
    -1.4 cents
 $4.626 (6/21/08)
 
 
 
 
Orange County
$3.024
     -2.2 cents
 $4.598 (6/19/08)
 
 
 
 
San Diego
$3.024
     -2.5 cents
 $4.630 (6/19/08)
 
 
 
 
Santa Barbara – Santa Maria – Lompoc
$3.076
     -2.2 cents
 $4.709 (6/21/08)
 
 
 
 
Riverside – San  Bernardino
$3.014
     -1.5 cents
 $4.614 (6/22/08)
 
 
 
 
Bakersfield
$3.083
      -0.7 cents
 $4.591 (6/24/08)
 
 
 
 
Ventura
$3.017
      -2.2 cents
 $4.625 (6/18/08)

Media Contacts

Jeffrey Spring
(714) 885-2333
Spring.Jeffrey@aaa-calif.com