Hefty Gas Price Drops Help Weekend Travelers

(LOS ANGELES – June 30, 2011) –Heading into the July Fourth holiday weekend, Southern California travelers will fill up their tanks at prices nearly 50 cents below their high point in early May, 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 $3.817 per gallon, which is 7.9 cents lower than last week, 25 cents lower than last month, and 69 cents higher than last year. In San Diego, the price is $3.786, a decrease of 7.9 cents from last week, 23 cents below last month, and 65 cents higher than last year. On the Central Coast, the average price is $3.857, down 5.9 cents from last week, 24 cents lower than a month ago, and 65 cents above last year. In the Inland Empire, the average per gallon price is $3.791, which is 7.4 cents lower than last week, 23 cents lower than last month, and 68 cents more than last year.
 
“Prices came down a little more quickly this week, perhaps because of last week’s Obama administration announcement that it is releasing oil from the Strategic Petroleum Reserve,” said Auto Club spokesperson Jeffrey Spring. “The Auto Club is predicting that 2.29 million of the 2.9 million local Independence Day travelers will go by car. That’s a 2.9 percent decrease from last year’s car travelers over this holiday and higher gas prices are probably a major reason for the downturn.”
 
The Weekend Gas Watch monitors the average price of gasoline. As of noon on June 30, averages are:
 
Area                   
 Regular
One-week
change
 
Record Price
 
Los Angeles – Long Beach
$3.817
     -7.9 cents
 $4.626 (6/21/08)
 
 
 
 
Orange County
$3.792
     -7.7 cents
 $4.598 (6/19/08)
 
 
 
 
San Diego
$3.786
     -7.9 cents
 $4.630 (6/19/08)
 
 
 
 
Santa Barbara – Santa Maria – Lompoc
$3.857
     -5.9 cents
 $4.709 (6/21/08)
 
 
 
 
Riverside – San  Bernardino
$3.791
     -7.4 cents
 $4.614 (6/22/08)
 
 
 
 
Bakersfield
$3.866
      -6.6 cents
 $4.591 (6/24/08)
 
 
 
 
Ventura
$3.81
      -8.5 cents
 $4.625 (6/18/08)

Media Contacts

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