Pump Prices Zoom Up Again

A sustained, rapid increase in local wholesale gasoline costs has pushed gas prices up by about a penny a day in the last week, according to the Automobile Club of Southern California's Weekend Gas Watch. The state average is $4.039 a gallon for regular today – 5.7 cents higher than last week.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.115 per gallon, which is 7.3 cents more than last week, 9 cents higher than last month, and 36 cents higher than last year. In San Diego, the average price is $4.083, which is 5.5 cents above last week, 8 cents above last month, and 35 cents higher than last year. On the Central Coast, the average price is $4.133, which is 5.8 cents above last week, 8 cents higher than a month ago, and 33 cents more than last year. In the Inland Empire, the average per-gallon price is $4.066, up 5.4 cents from last week, 8 cents higher than last month, and 36 cents more than last year.

“Los Angeles wholesale prices are zigzagging wildly this summer, so it’s very hard to predict whether this price increase at the pump will be sustained,” said Auto Club spokesman Jeffrey Spring. “Just yesterday, Los Angeles wholesale prices dropped 19 cents in one day after rising 50 cents in two weeks. We have seen a rapid spike in gas prices around the country, with many states in the Midwest and East Coast now nearing averages of $4.”

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on July 18, averages are:

Area                   

Regular

One-week

change

 

Record Price

 

Los Angeles – Long Beach

$4.115 

+7.3 cents

 $4.705 (10/9/12)

 

 

 

 

Orange County

$4.097

+7.1 cents

 $4.690 (10/8/12)

 

 

 

 

San Diego

$4.083

   +5.5 cents

 $4.725 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria – Lompoc

$4.133

+5.8 cents

 $4.709 (6/21/08)

 

 

 

 

Riverside – San  Bernardino

$4.066

+5.4 cents

 $4.688 (10/8/12)

 

 

 

 

Bakersfield

$3.985

+3.0 cents

 $4.648 (10/9/12)

 

 

 

 

Ventura

$4.118

+6.9 cents

   $4.689 (10/7/12)