Prices Headed Back Down Before Holiday

It appears that one of the quickest and sharpest up-and-down wholesale spikes ever to happen for Southern California gas prices is now over and pump prices are declining just in time for Fourth of July, although they are up compared to last week, according to the Automobile Club of Southern California's Weekend Gas Watch. The state average is $4.041 a gallon for regular today – 3.4 cents higher than last week.

 

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.110 per gallon, which is 5.8 cents more than last week, 5 cents higher than last month, and 30 cents higher than last year. In San Diego, the average price is $4.092, which is 5.8 cents above last week, 7 cents above last month, and 30 cents higher than last year. On the Central Coast, the average price is $4.133, up 4.8 cents from last week, 3 cents higher than a month ago, and 27 cents more than last year. In the Inland Empire, the average per-gallon price is $4.071, up 6.3 cents from last week, 7 cents higher than last month, and 29 cents more than last year. 

 

“Southern California motorists are amazingly being spared from wholesale prices that spiked by 70 cents from June 3 to June 19, then plummeted by 72 cents in the last week,” said Auto Club spokesperson Jeffrey Spring. “Southland Fourth of July travelers should be able to gas up at or below $4 a gallon for their trips, and the Auto Club is predicting that 2.92 million local residents will travel for the holiday, with 79 percent of them going by car.”

 

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on June 27, averages are: 

Area                   

Regular

One-week

change

 

Record Price

 

Los Angeles – Long Beach

$4.110 

+5.8 cents

 $4.705 (10/9/12)

 

 

 

 

Orange County

$4.090

+5.9 cents

 $4.690 (10/8/12)

 

 

 

 

San Diego

$4.092

 +5.8 cents

 $4.725 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria – Lompoc

$4.133

+4.8 cents

 $4.709 (6/21/08)

 

 

 

 

Riverside – San  Bernardino

$4.071

+6.3 cents

 $4.688 (10/8/12)

 

 

 

 

Bakersfield

$4.013

+0.8 cent

 $4.648 (10/9/12)

 

 

 

 

Ventura

$4.112

+5.5 cents

   $4.689 (10/7/12)