On One-Year Anniversary of Record, More Drops At The Pump

October 2012 Brought Record Prices
Drivers were paying $4.50 to $4.70 a gallon during October 2012, and now prices are nearly a dollar lower.

A year ago this week, Southern Californians were paying the highest prices ever for gasoline - $4.70 on average. Today, prices are nearly a dollar lower in most areas as they continue dropping for the third straight week, according to the Automobile Club of Southern California's Weekend Gas Watch. The state average is $3.828 a gallon for regular today – 6.3 cents lower than last week.

 

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.842 per gallon, which is 6.6 cents less than last week, 10 cents lower than last month, and 86 cents lower than last year. In San Diego, the average price is $3.838, which is 6.2 cents below last week, 8 cents below last month, and 88 cents lower than last year. On the Central Coast, the average price is $3.92, down 6.1 cents from last week, 5 cents lower than a month ago, and 76 cents less than last year. In the Inland Empire, the average per-gallon price is $3.811, down 6.7 cents from last week, 8 cents lower than last month, and 87 cents less than last year.

 

“A year ago at this time, a shortage of ‘summer blend’ gasoline in California ran up the average to a new record, and prices only reversed course after Gov. Brown temporarily eased air quality regulations to ease the shortage,” said Auto Club spokesperson Jeffrey Spring. “Fortunately, it appears the state had no similar problems this year, and local drivers can hope for further drops at the pump in November as the cheaper ‘winter blend’ of gasoline is brought online.”

  

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on Oct. 10, averages are: 

Area                   

Regular

One-week

change

 

Record Price

 

Los Angeles – Long Beach

$3.842

-6.6 cents

 $4.705 (10/9/12)

 

 

 

 

Orange County

$3.802

-7.3 cents

 $4.690 (10/8/12)

 

 

 

 

San Diego

$3.838

-6.2 cents

 $4.725 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria – Lompoc

$3.920

-6.1 cents

 $4.709 (6/21/08)

 

 

 

 

Riverside – San  Bernardino

$3.811

-6.7 cents

 $4.688 (10/8/12)

 

 

 

 

Bakersfield

$3.856

-5.9 cents

 $4.648 (10/9/12)

 

 

 

 

Ventura

$3.807

-8.0 cents

   $4.689 (10/7/12)