Local Gas Prices Resume Upward Climb

(LOS ANGELES – May 5, 2011) –Gas prices in all Southland areas posted larger increases compared to the prior week, with most area averages rising closer to the $4.30 a gallon mark, 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 $4.289 per gallon, which is 5.2 cents more than last week, 20.4 cents higher than last month, and $1.15 higher than last year. In San Diego, the price is $4.278, an increase of 6.3 cents over last week, 21 cents above last month, and $1.12 higher than last year. On the Central Coast, the average price is $4.318, up 4.5 cents from last week, 10 cents higher than a month ago, and $1.10 above last year. In the Inland Empire, the average per gallon price is $4.260, which is 5.3 cents higher than last week, 20 cents higher than last month, and $1.13 more than last year.
“Gas prices gained more upward momentum after a couple of pretty flat weeks,” said Auto Club spokesperson Jeffrey Spring. “And today, the benchmark West Texas Intermediate price for crude oil, dropped closer to $100 per barrel, which is a significant decline.  If crude oil prices remain at this lower level for some time, we should expect to see downward movement in gas prices.”
The Weekend Gas Watch monitors the average price of gasoline. As of noon on May 5, averages are:
Area Regular One-week Record Price
Los Angeles – Long Beach $4.289 +5.2 cents $4.626 (6/21/08)
Orange County $4.265 +5.8 cents $4.598 (6/19/08)
San Diego $4.278 +6.3 cents $4.630 (6/19/08)
Santa Barbara – Santa Maria – Lompoc $4.318 +4.5 cents $4.709 (6/21/08)
Riverside – San Bernardino $4.260 +5.3 cents $4.614 (6/22/08)
Bakersfield $4.269 +4.1 cents $4.591 (6/24/08)
Ventura $4.284 +5.3 cents $4.625 (6/18/08)

Media Contacts

Jeffrey Spring
(714) 885-2333