Local Gas Prices May Start Jumping Again

empty fuel gauge

Although average gas prices declined in many regions during last week, a one-day spike in Los Angeles wholesale fuel prices and a negative report on West Coast gasoline inventories could spell trouble for local drivers in coming days, according to the Automobile Club of Southern California's Weekend Gas Watch. The retail state average is $3.434 a gallon for regular today, four-tenths of a cent less than last week.


The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.545 per gallon, which is eight-tenths of a cent less than last week, 19 cents less than last month, and 63 cents lower than last year. In San Diego, the average price is $3.499, which is a half-cent less than last week, 19 cents lower than last month, and 64 cents lower than last year. On the Central Coast, the average price is $3.475, 1.7 cents less than last week, 30 cents lower than a month ago, and 68 cents less than last year. In the Inland Empire, the average per-gallon price is $3.48, unchanged from last week, 19 cents less than last month, and 66 cents less than last year.


“Wednesday’s wholesale price for Los Angeles reformulated gasoline jumped by 40 cents after a report from the Energy Information Administration that inventories have dropped significantly locally,” said Auto Club spokesman Jeffrey Spring. “It appears that the low-priced stations locally have already raised their prices, but given continued low oil prices and a possible supply increase in coming weeks if the Exxon Mobil refinery in Torrance begins production again, this may be a short-lived spike.”


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






Record Price

Los Angeles – Long Beach


   -0.8 cent  

  $4.705 (10/9/12)





Orange County


+0.6 cent

  $4.690 (10/8/12)





San Diego


   -0.5 cent

  $4.725 (10/8/12)





Santa Barbara – Santa Maria – Lompoc


   -1.7 cents 

  $4.709 (6/21/08)





Riverside – San Bernardino


 No Change

  $4.688 (10/8/12)







 -0.9 cents

  $4.689 (10/7/12)


Bakersfield                                              $3.468       -1.8 cents    $4.648 (10/9/12)