Gas Prices Rapidly Drop To Lowest Levels Of 2014

Gas Station Clouds Yuya Sekiguchi
Photo by Yuya Sekiguchi legalcode

Plummeting prices for oil and local wholesale gasoline have driven pump prices down by more than a penny a day this past week to their lowest levels of 2014, according to the Automobile Club of Southern California's Weekend Gas Watch. The retail state average is $3.561 a gallon for regular today, 9 cents less than last week.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.587 per gallon, which is 9.1 cents less than last week,19 cents less than last month, and 23 cents lower than last year. In San Diego, the average price is $3.579, which is 8.3 cents less than last week, 19 cents lower than last month, and 23 cents lower than last year. On the Central Coast, the average price is $3.607, 8.8 cents less than last week, 21 cents lower than a month ago, and 28 cents less than last year. In the Inland Empire, the average per-gallon price is $3.543, down 8 cents from last week, 20 cents less than last month, and 23 cents less than last year.

“Southern Californians saw some gas stations drop their prices by more than 10 cents this past week, and some stations in Porterville in Central California even dropped below $3 a gallon on Wednesday,” said Auto Club spokesman Jeffrey Spring. “Provided no supply issues occur locally, we can expect prices to continue dropping at least in the near future.”

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on Oct. 16, averages are: 





Record Price

Los Angeles – Long Beach


   -9.1 cents

$4.705 (10/9/12)





Orange County


-8.0 cents

$4.690 (10/8/12)





San Diego


   -8.3 cents

$4.725 (10/8/12)





Santa Barbara – Santa Maria – Lompoc


 -8.8 cents

$4.709 (6/21/08)





Riverside – San Bernardino


-8.0 cents

$4.688 (10/8/12)



 -8.6 cents

$4.689 (10/7/12)







-1.9 cents

$4.648 (10/9/12)