Price Averages Below $4 For First Time Since June

For the first time in nearly two months, gas price averages in most Southern California communities have dropped below $4 a gallon, according to the Automobile Club of Southern California's Weekend Gas Watch. The state average is $3.932 a gallon for regular today – 4.6 cents lower than last week.

 

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.977 per gallon, which is 6.5 cents less than last week, 6.1 cents lower than last month, and 8 cents higher than last year. In San Diego, the average price is $3.962, which is 5.7 cents below last week, 5.7 cents below last month, and 7 cents higher than last year. On the Central Coast, the average price is $4.053, which is 5 cents below last week, 1.4 cents lower than a month ago, and 12 cents more than last year. In the Inland Empire, the average per-gallon price is $3.959, down 5 cents from last week, 5.2 cents lower than last month, and 9 cents more than last year.

 

“Today is just the ninth day since June 1 that Los Angeles area gas price averages have been below $4 a gallon,” said Auto Club spokesman Jeffrey Spring. “Local wholesale prices have dropped by more than 40 cents since mid-July, so there is continued downward pressure on prices at the pump.”

 

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on Aug. 8, averages are: 

Area                   

Regular

One-week

change

 

Record Price

 

Los Angeles – Long Beach

$3.977 

-6.5 cents

 $4.705 (10/9/12)

 

 

 

 

Orange County

$3.948

-7.6 cents

 $4.690 (10/8/12)

 

 

 

 

San Diego

$3.962

   -5.7 cents

 $4.725 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria – Lompoc

$4.053

-5.0 cents

 $4.709 (6/21/08)

 

 

 

 

Riverside – San  Bernardino

$3.959

-5.0 cents

 $4.688 (10/8/12)

 

 

 

 

Bakersfield

$3.934

-1.9 cents

 $4.648 (10/9/12)

 

 

 

 

Ventura

$3.986

-5.5 cents

   $4.689 (10/7/12)