Pump Prices Plateau

Southern California gasoline prices rose or fell by less than a penny in most areas compared to a week ago, according to the Automobile Club of Southern California's Weekend Gas Watch. The state average is $3.982 a gallon for regular today – one-tenth of one cent higher than last week.

 

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.043 per gallon, which is one-tenth of a cent less than last Thursday, 5 cents higher than last month, and 34 cents higher than last year. In San Diego, the average price is $4.028, which is four-tenths of a cent above last week, 6 cents above last month, and 35 cents higher than last year. On the Central Coast, the average price is $4.075, unchanged from last Thursday, 2 cents higher than a month ago, and 29 cents more than last year. In the Inland Empire, the average per-gallon price is $4.012, down one-tenth of a cent from last week, 6 cents higher than last month, and 33 cents more than last year.

 

“Wholesale prices for Los Angeles gasoline unfortunately continue to be quite volatile and have risen by about 40 cents in the last two weeks after an up-and-down spike of about 70 cents in June,” said Auto Club spokesman Jeffrey Spring. “Reportedly, supplies in California are a concern, both because of exports of refined gasoline to more profitable markets overseas and continued refinery issues.”

 

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on July 11, averages are:

Area                   

Regular

One-week

change

 

Record Price

 

Los Angeles – Long Beach

$4.043 

-0.1 cent

 $4.705 (10/9/12)

 

 

 

 

Orange County

$4.026

+0.5 cent

 $4.690 (10/8/12)

 

 

 

 

San Diego

$4.028

 +0.4 cent

 $4.725 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria – Lompoc

$4.075

No change

 $4.709 (6/21/08)

 

 

 

 

Riverside – San  Bernardino

$4.012

-0.1 cent

 $4.688 (10/8/12)

 

 

 

 

Bakersfield

$3.955

-0.5 cent

 $4.648 (10/9/12)

 

 

 

 

Ventura

$4.049

+0.7 cent

   $4.689 (10/7/12)