(LOS ANGELES – April 12, 2012) –Four straight weeks of declines at the pump have brought reports of $3.99 prices to a few Southern California gas stations today for the first time since February, 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 $4.268 per gallon, which is 4.6 cents less than last week, 12.6 cents lower than last month, and 8 cents higher than last year. In San Diego, the price is $4.262, 4.2 cents below last week, 11.6 cents below last month, and 9 cents higher than last year. On the Central Coast, the average price is $4.325, down 3.5 cents from last week, 11.2 cents lower than a month ago, and 11 cents above last year. In the Inland Empire, the average per gallon price is $4.267, down 3.7 cents from last week, 10.9 cents lower than last month, and 11 cents more than last year.
“A little more price competition appears to be happening among gas stations, which is good news for drivers,” said Auto Club spokesperson Jeffrey Spring. “Drivers can help encourage further price reductions by shopping around for the best prices, as long as they’re not driving far out of their way. As of today, Escondido, Paramount, Huntington Beach and Bakersfield are among the cities with the lowest gas prices, according to AAA.com/TripTik.”
The Weekend Gas Watch monitors the average price of gasoline. As of 11 a.m. on April 12, averages are:
Los Angeles – Long Beach
Santa Barbara – Santa Maria – Lompoc
Riverside – San Bernardino