Local Gas Prices Drop Slightly

 (LOS ANGELES, July 15, 2010) – For the fourth straight week, gas price averages throughout the Southland remained relatively flat, although they declined slightly in most areas compared to last 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 $3.113 per gallon, which is eight-tenths of a cent less than last week, six cents higher than last month, and 24 cents higher than last year. In San Diego, the price is $3.124, four-tenths of a cent lower than last week’s price, six cents above last month, and 27 cents higher than last year. On the Central Coast, the average price is $3.185, up one-tenth of a cent from last week, six cents higher than a month ago, and 23 cents above last year. In the Inland Empire, the average per gallon price is $3.096, which is nine-tenths of a cent lower than last week, five cents higher than last month, and 23 cents more than last year.
 
“The economy continues to be a moderating factor in gas prices and drivers are paying about $1.50 less than the record price set in June 2008,” said Auto Club spokesperson Jeffrey Spring.  “While the broader US economic picture remains muddled, the past week showed a large crude oil inventory draw down which some analysts see as a hopeful sign for the economy. We’ll have to see if gas prices are affected in the coming weeks.”
 
The Weekend Gas Watch monitors the average price of gasoline. As of 1 p.m. on July 15, averages are:
 
Area                   
 Regular
One-week
change
 
Record Price
 
Los Angeles – Long Beach
$3.113
     -0.8 cent
 $4.626 (6/21/08)
 
 
 
 
Orange County
$3.113
     +0.2 cent
 $4.598 (6/19/08)
 
 
 
 
San Diego
$3.120
     -0.4 cent
 $4.630 (6/19/08)
 
 
 
 
Santa Barbara – Santa Maria – Lompoc
$3.186
     +0.1 cent
 $4.709 (6/21/08)
 
 
 
 
Riverside – San  Bernardino
$3.096
     -0.9 cent
 $4.614 (6/22/08)
 
 
 
 
Bakersfield
$3.203
      -0.5 cent
 $4.591 (6/24/08)
 
 
 
 
Ventura
$3.128
      No change
 $4.625 (6/18/08)
 

Media Contacts

Jeffrey Spring
(714) 885-2333
Spring.Jeffrey@aaa-calif.com