Gas Prices Stay Steady, But May Be Set For Increase

gas pump upper horizontal

Southern California gas prices have barely moved again for four of the past five weeks, but refinery issues created a 15-cent jump in Los Angeles wholesale prices on Wednesday, which could mean increases at the pump, according to the Automobile Club of Southern California's Weekend Gas Watch. The retail state average is $2.757 a gallon for regular today, one-tenth of one cent more than last Thursday.
 
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $2.788 per gallon, which is eight-tenths of a cent higher than last week, seven cents higher than last month, and 33 cents lower than last year. In San Diego, the average price is $2.763, which is three-tenths of a penny higher than last week, five cents higher than last month, and 29 cents less than this time last year. On the Central Coast, the average price is $2.786, 1.7 cents less than last week, three cents higher than a month ago, and 30 cents less than last year. In the Inland Empire, the average per-gallon price is $2.717, two-tenths of a cent more than last week, six cents more than last month, and 31 cents less than last year.

“PBF Energy, which owns the former ExxonMobil refinery in Torrance, reported Wednesday that it is now running at 75 percent capacity after a power outage caused a complete shutdown Sept. 19,” said Auto Club spokesman Jeffrey Spring.  “It’s not uncommon to see a big one-day change in wholesale prices, but if this increase is sustained for a few days, we could see stations start to increase prices.”

 

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on Sept. 29, averages are:

 

Area

Regular

1-week change

Record Price

Los Angeles – Long Beach

$2.788

+0.8 cent

  $4.705 (10/9/12)

 

 

 

 

Orange County

$2.763

+0.3 cent

  $4.690 (10/8/12)

 

 

 

 

San Diego

$2.763

+0.3 cent

  $4.725 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria –

Lompoc

$2.786

-1.7 cents

  $4.709 (6/21/08)

 

 

 

 

Riverside – San Bernardino

$2.717

+0.2 cent

  $4.688 (10/8/12)

 

 

 

 

Ventura

$2.748

+0.4 cent

  $4.689 (10/7/12)

 

 

 

 

Bakersfield

$2.742

+1.8 cents

 $4.648 (10/9/12)

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