Gas Prices Slow Ascent as They Head Toward $4

(LOS ANGELES – March 17, 2011) – Southern California gas prices increased by about a half a penny each day in most areas over the past week, ending two consecutive weeks of double-digit price hikes, 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 $3.971 per gallon, which is 3.1 cents more than last week, 47 cents higher than last month, and 90 cents higher than last year. In San Diego, the price is $3.981, 2.6 cents more than last week, 48 cents above last month, and 90 cents higher than last year. On the Central Coast, the average price is $4.02, up five cents from last week, 48 cents higher than a month ago, and 89 cents above last year. In the Inland Empire, the average per gallon price is $3.946, which is 3.3 cents higher than last week, 47 cents higher than last month, and 88 cents more than last year.
 
“The Santa Barbara/Santa Maria/Lompoc area this week became the first Southern California area to reach a $4 gas price average,” said Auto Club spokesperson Jeffrey Spring. “World events including the Japan natural disaster and unrest in the Middle East and North Africa are continuing to make crude oil and gasoline prices quite volatile.”
 
The Weekend Gas Watch monitors the average price of gasoline. As of 3 p.m. on March 17, averages are:
 
Area                   
 Regular
One-week
change
 
Record Price
 
Los Angeles – Long Beach
$3.971
     +3.1 cents
 $4.626 (6/21/08)
 
 
 
 
Orange County
$3.955
     +3.7 cents
 $4.598 (6/19/08)
 
 
 
 
San Diego
$3.981
     +2.6 cents
 $4.630 (6/19/08)
 
 
 
 
Santa Barbara – Santa Maria – Lompoc
$4.020
     +5.0 cents
 $4.709 (6/21/08)
 
 
 
 
Riverside – San  Bernardino
$3.946
     +3.3 cents
 $4.614 (6/22/08)
 
 
 
 
Bakersfield
$3.985
      +3.7 cents
 $4.591 (6/24/08)
 
 
 
 
Ventura
$3.972
      +3.8 cents
 $4.625 (6/18/08)

Media Contacts

Marie Montgomery
(714) 885-2333
Montgomery.Marie@aaa-calif.com