Local Gas Prices Jump On Global And Local Refinery Woes

Gas Prices
hands pull out money from wallet

After gas prices plateaued last week, local refinery issues and ongoing concerns over Saudi oil production caused them to jump this week, according to the Automobile Club of Southern California's Weekend Gas Watch. The retail statewide average is $3.72 a gallon for regular unleaded, which is nine cents higher than last week.
 
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.78 per gallon, which is up 11 cents from than last week, 19 cents higher than a month ago, and 11 cents higher than last year. In San Diego, the average price is $3.74, which is 10 cents higher than last Thursday, 15 cents higher than last month, and ten cents higher than last year. On the Central Coast, the average price is $3.78, which is the 6 cents higher than last week, 9 cents higher than last month, and 8 cents higher than last year. In Riverside, the average per-gallon price is $3.67, which is 9 cents higher than last week, 16 cents higher than last month, and 12 cents higher than last year. In San Bernardino, the $3.70 average price is 8 cents higher than last week, 14 cents higher than last month, and 11 cents higher than a year ago today.

"On top of oil prices increasing earlier this week in reaction to an attack on Saudi oil production facilities, PBF Energy in Torrance reported flaring this week, which typically means there are production problems,” said Auto Club spokesman Jeffrey Spring. “Despite these issues, oil prices dropped later in the week as the industry digested Saudi assertions that the country could repair damaged facilities relatively quickly.”

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

Area

Regular

 1-week change

Record Price

Los Angeles – Long Beach

$3.78

 +11 cents

 $4.70 (10/9/12)

 

 

 

 

Orange County

$3.75

 +11 cents

 $4.69 (10/8/12)

 

 

 

 

San Diego

$3.74

 +10 cents

 $4.72 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria –Lompoc

$3.78

 +6 cents

 $4.70 (6/21/08)

 

Riverside

$3.67

+9 cents

$4.68 (10/8/12)

 

 

 

 

San Bernardino

$3.70

 +8 cents

 $4.68 (10/8/12)

 

 

 

 

Ventura

$3.77

 +11 cents

 $4.68 (10/7/12)

 

 

 

 

Bakersfield

$3.72

 +4 cents

 $4.64 (10/9/12)