Mix of Increases, Decreases Spell Gas Price Plateau

(LOS ANGELES, Nov. 11, 2010) – Local gas prices zigzagged throughout the week and posted slight increases in some areas and decreases in others, 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 three-tenths of a cent more than last week, four cents higher than last month, and 12 cents higher than last year. In San Diego, the price is $3.115, which two-tenths of a cent more than last week’s price, three cents above last month, and 14 cents higher than last year. On the Central Coast, the average price is $3.189, up a penny from last week, seven cents higher than a month ago, and 14 cents above last year. In the Inland Empire, the average per gallon price is $3.097, which is eight-tenths of a cent lower than last week, three cents higher than last month, and 12 cents more than last year.
“Gasoline prices in other areas of the country have been rising over the past week in response to skyrocketing oil prices, and seven other states now have gas price averages above $3 a gallon,” said Auto Club spokesperson Jeffrey Spring. “In California so far, an abundance of supply coupled with sluggish demand have kept prices from spiking.”
The Weekend Gas Watch monitors the average price of gasoline. As of 1 p.m. on Nov. 11, averages are:
Record Price
Los Angeles – Long Beach
     +0.3 cent
 $4.626 (6/21/08)
Orange County
     -0.3 cent
 $4.598 (6/19/08)
San Diego
     +0.2 cent
 $4.630 (6/19/08)
Santa Barbara – Santa Maria – Lompoc
     +1.0 cent
 $4.709 (6/21/08)
Riverside – San  Bernardino
     -0.8 cent
 $4.614 (6/22/08)
      -2.0 cents
 $4.591 (6/24/08)
      +1.3 cents
 $4.625 (6/18/08)

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