Gas Prices Race Below $4 A Gallon Averages

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Most Southern California area gas price averages plummeted by 20 cents in the last week, according to the Automobile Club of Southern California's Weekend Gas Watch. The retail state average is $3.665 a gallon for regular today, 13.6 cents less than last week.


The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.916 per gallon, which is 20.8 cents less than last week, 36 cents more than last month, and 2 cents lower than last year. In San Diego, the average price is $3.863, which is 20.5 cents less than last week, 36 cents higher than last month, and 4 cents less than this time last year. On the Central Coast, the average price is $3.888, 15.6 cents less than last week, 40 cents higher than a month ago, and 12 cents less than last year. In the Inland Empire, the average per-gallon price is $3.867, 19.9 cents lower than last week, 38 cents more than last month, and 4 cents less than last year.


“Today’s retail price average in Los Angeles of $3.916 is $2 higher than Wednesday’s closing Los Angeles wholesale gasoline price of $1.91, when the ‘normal’ margin between retail and wholesale has averaged about $1 in the last couple of years,” said Auto Club spokesman Jeffrey Spring. “Local wholesale prices have plunged by nearly $1.50 since July 9, but so far average retail prices have only dropped by about 40 cents, leaving a lot of room for them to drop further and faster.”


The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on Aug.6, averages are: 






Record Price

Los Angeles – Long Beach


   -20.8 cents  

  $4.705 (10/9/12)





Orange County


-21.3 cents

  $4.690 (10/8/12)





San Diego


   -20.5 cents

  $4.725 (10/8/12)





Santa Barbara – Santa Maria – Lompoc


    -15.6 cents

  $4.709 (6/21/08)





Riverside – San Bernardino


  -19.9 cents

  $4.688 (10/8/12)







 -21.7 cents

  $4.689 (10/7/12)