Local Gas Prices Stop Spiking But Still Rise Slightly

(LOS ANGELES – March 8, 2012) –For the first time since January, Southern California gas prices dropped slightly for a couple of days, but then rose again to post slight net gains for the week, 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 $4.378 per gallon, which is one penny more than last week, 56.6 cents higher than last month, and 46 cents higher than last year. In San Diego, the price is $4.370, an increase of four-tenths of a cent over last week, 56.7 cents above last month, and 43 cents higher than last year. On the Central Coast, the average price is $4.426, up 2.6 cents from last week, 57.4 cents higher than a month ago, and 47 cents above last year. In the Inland Empire, the average per gallon price is $4.358, up 1.3 cents from last week, 57.7 cents higher than last month, and 46 cents more than last year.
 
“It’s a slight relief to drivers that prices have not continued to spike for the fourth straight week,” said Auto Club spokesperson Jeffrey Spring. “However, prices are not dropping yet, either, and the only other time that Southern California gas prices were this high was in June and July of 2008.”
 
The Weekend Gas Watch monitors the average price of gasoline. As of 11 a.m. on March 8, averages are:
 
Area                   
 Regular
One-week
change
 
Record Price
 
Los Angeles – Long Beach
$4.378
     +1 cent
 $4.626 (6/21/08)
 
 
 
 
Orange County
$4.358
     +0.2 cent
 $4.598 (6/19/08)
 
 
 
 
San Diego
$4.370
     +0.4 cent
 $4.630 (6/19/08)
 
 
 
 
Santa Barbara – Santa Maria – Lompoc
$4.426
     +2.6 cents
 $4.709 (6/21/08)
 
 
 
 
Riverside – San  Bernardino
$4.358
     +1.3 cents
 $4.614 (6/22/08)
 
 
 
 
Bakersfield
$4.353
      +1.9 cents
 $4.591 (6/24/08)
 
 
 
 
Ventura
$4.373
      +1.3 cents
 $4.625 (6/18/08)

Media Contacts

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