Pump Prices Back Down Below $3

Gas Prices
hand at gas pump

Gas prices in Southern California declined for a second consecutive week with most regions dropping below $3 per gallon, according to the Automobile Club of Southern California's Weekend Gas Watch. The retail statewide average is $2.985 a gallon for regular unleaded, 2.2 cents lower than a week ago.
 
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.017 per gallon, which is 2.2 cents lower than last week, nine-tenths of a cent lower than last month, and 18 cents higher than last year. In San Diego, the average price is $2.994, which is 2 cents lower than last week, 1.1 cents lower than last month, and 18 cents more than this time last year. On the Central Coast, the average price is $3.074, 2.5 cents less than last week, one cent lower than a month ago, and 20 cents higher than last year. In the Inland Empire, the average per-gallon price is $2.978, four-tenths of a cent less than last week, four-tenths of a cent more than this time last month, and 15 cents more than last year. (Note: San Bernardino and Riverside gas prices are re-combined this week.)

“We’ve had unusually stable prices this spring because oil prices have remained close to $50 per barrel.  We have also seen  U.S. domestic oil production act as a safety valve against production cuts by OPEC countries,” said Auto Club spokesman Jeffrey Spring.  “We’ve also been fortunate to not have any major refinery incidents occur locally.”

 

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on May 4, averages are:

Area

Regular

1-week change

Record Price

Los Angeles – Long Beach

$3.017

 -2.2 cents

  $4.705 (10/9/12)

 

 

 

 

Orange County

$2.999

 -2.5 cent

 $4.690 (10/8/12)

 

 

 

 

San Diego

$2.994

 -2.0 cents

 $4.725 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria –Lompoc

$3.074

 -2.5 cents

 $4.709 (6/21/08)

 

 

 

 

 

Riverside/San Bernardino

$2.978

 -0.4 cent

 $4.688 (10/8/12)

 

 

 

 

 

 

 

 

Ventura

$2.998

 -2.8 cents

 $4.689 (10/7/12)

 

 

 

 

Bakersfield

$2.979

 -0.3 cent

 $4.648 (10/9/12)

 

 

 

 

 

Media Contacts

Jeffrey Spring
(714) 885-2333
Spring.Jeffrey@aaa-calif.com