Local Gas Prices In Holding Pattern

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Editors note: Look for the Auto Club's video Weekend Gas Watch interview on City News Service this morning, with local commentary for Los Angeles, San Diego and Coachella Valley.

Despite concern about the security situation in Iraq and how that will impact oil supplies, Southern California gas prices have so far remained in a holding pattern this week, moving by less than a penny in most areas, according to the Automobile Club of Southern California's Weekend Gas Watch. The retail state average is $4.101 a gallon for regular today, one-tenth of one cent more than last week.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.134 per gallon, which is two-tenths of a cent more than last week, 5 cents lower than last month, and 10 cents higher than last year. In San Diego, the average price is $4.104, which is 1.1 cents more than last week, 5 cents lower than last month, and 9 cents higher than last year. On the Central Coast, the average price is $4.147, up nine-tenths of a cent from last week, 3.4 cents lower than a month ago, and 8 cents more than last year. In the Inland Empire, the average per-gallon price is $4.096, up three-tenths of a cent from last week, 5.4 cents less than last month, and 10 cents more than last year.

“The situation in Iraq certainly has the potential to drive local gas prices higher, but it’s unclear whether that will happen,” said Auto Club spokesman Jeffrey Spring. “As of 2013, California imported about nine percent of its oil from Iraq. Any potential for a spike depends on how easily that oil can be replaced if necessary.”

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on June 19, averages are: 

Area

Regular

One-week

change

Record Price

Los Angeles – Long Beach

$4.134

   +0.2 cent

$4.705 (10/9/12)

 

 

 

 

Orange County

$4.112

+0.8 cent

$4.690 (10/8/12)

 

 

 

 

San Diego

$4.104

   +1.1 cents

$4.725 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria – Lompoc

$4.147

+0.9 cent

$4.709 (6/21/08)

 

 

 

 

Riverside – San Bernardino

$4.096

+0.3 cent

$4.688 (10/8/12)

 

Ventura

 

$4.115

 

+0.1 cent

 

$4.689 (10/7/12)

 

 

 

 

Bakersfield

$4.104

-1.0 cents

$4.648 (10/9/12)