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Pump Prices Zoom Above $4 Average

Southland gas prices blew right past the $4 average in the last week, fueled by an earlier spike in wholesale prices, according to the Automobile Club of Southern California's Weekend Gas Watch. The state average is $4.061 a gallon for regular today – 9.8 cents higher than last week.

 

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.095 per gallon, which is 9.9 cents more than last week, 9 cents higher than last month, and 31 cents lower than last year. In San Diego, the average price is $4.065, which is 9 cents above last week, 7 cents above last month, and 31 cents lower than last year. On the Central Coast, the average price is $4.132, up 8.2 cents from last week, 4 cents higher than a month ago, and 28 cents less than last year. In the Inland Empire, the average per-gallon price is $4.046, up 9.6 cents from last week, 6 cents higher than last month, and 32 cents less than last year.

 

“Pump prices are now feeling the effect of a wholesale spot price spike that happened in late April and early May in response to reports of low inventory coupled with additional refinery maintenance,” said Auto Club spokesperson Jeffrey Spring. “But the good news is that wholesale prices have dropped rapidly in the last couple of days, and the retail prices rose by just fractions of a cent between Wednesday and Thursday, indicating we may be nearing a plateau.”

  

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on May 16, averages are: 

Area                   

Regular

One-week

change

 

Record Price

 

Los Angeles – Long Beach

$4.095 

+9.9 cents

 $4.705 (10/9/12)

 

 

 

 

Orange County

$4.071

+9.4 cents

 $4.690 (10/8/12)

 

 

 

 

San Diego

$4.065

+9.0 cents

 $4.725 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria – Lompoc

$4.132

+8.2 cents

 $4.709 (6/21/08)

 

 

 

 

Riverside – San  Bernardino

$4.046

+9.6 cents

 $4.688 (10/8/12)

 

 

 

 

Bakersfield

$4.035

+7.1 cents

 $4.648 (10/9/12)

 

 

 

 

Ventura

$4.101

+11.0 cents

   $4.689 (10/7/12)

CST 1016202-80 Copyright © Automobile Club of Southern California. All Rights Reserved.
The Automobile Club of Southern California is a member club affiliated with the American Automobile Association (AAA) national federation and serves members in the following California counties: Inyo, Imperial, Kern, Los Angeles, Mono, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Santa Barbara, Tulare, and Ventura.