Most SoCal Gas Price Averages Now Under $3.50; More Stations Under $3

Oil barrels by Ian Burt
Photo by Ian Burt  https://www.flickr.com/photos/oddsock/ creativecommons.org/licenses/by/4.0/  

An oil price war and lower demand due to the COVID-19 outbreak are combining to drive Southern California gas prices lower during a time of year that the region normally sees price increases, according to the Automobile Club of Southern California's Weekend Gas Watch. Today’s retail statewide average is $3.40 a gallon for regular unleaded, which is six cents less than last week.
 
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.47 per gallon, which is seven cents lower than last week, nine cents lower than a month ago, and 10 cents higher than last year. In San Diego, the average price is $3.47, which is six cents lower than last Thursday, nine cents less than last month, and 15 cents higher than last year. On the Central Coast, the average price is $3.50, which is six cents lower than last week, ten cents lower than last month, and 11 cents higher than last year. In Riverside, the average per-gallon price is $3.39, which is seven cents lower than last week, eight cents lower than last month, and 12 cents higher than last year. In San Bernardino, the $3.42 average price is seven cents less than last week, 11 cents lower than last month, and 12 cents higher than a year ago today.

“Russia and Saudi Arabia are boosting their oil output, driving oil prices down while demand is already depressed due to the coronavirus,” said Auto Club spokesman Jeffrey Spring. “As a result, more Southern California gas stations are dropping their prices below $3 a gallon and we expect that trend to continue.” 

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on March 12, averages are:

March 12 chart

 

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Marie Montgomery
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