SoCal Average Gas Prices Drop Below $2.50

Gas Station Clouds Yuya Sekiguchi
Photo by Yuya Sekiguchi http://www.flickr.com/photos/yuyasekiguchi http://creativecommons.org/licenses/by/4.0/ legalcode

The Los Angeles-Long Beach average gas price dipped below $2.50 a gallon today for the first time in nearly six years, joining most other major Southern California metropolitan areas that dropped below a $2.50 average earlier this week, according to the Automobile Club of Southern California's Weekend Gas Watch. The retail state average is $2.477 a gallon for regular today, 7.7 cents less than last week.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $2.497 per gallon, which is 7.7 cents less than last week, 26.5 cents less than last month, and $1.13 lower than last year. In San Diego, the average price is $2.466, which is 8 cents less than last week, 26 cents lower than last month, and $1.16 lower than last year. On the Central Coast, the average price is $2.545, 12.2 cents less than last week, 29 cents lower than a month ago, and $1.11 less than last year. In the Inland Empire, the average per-gallon price is $2.439, down 9.1 cents from last week, 27 cents less than last month, and $1.18 less than last year.

“Gas prices continue to drop quickly both locally and across the country, and the U.S. average price may soon drop below $2 a gallon for the first time since March 2009,” said Auto Club spokesman Jeffrey Spring. “Consumer studies have shown, however, that motorists are most likely to overpay for gas when prices are dropping, so we urge drivers to aggressively shop around for fuel using the Internet and online apps such as the AAA app. That will encourage more stations to lower their prices even further.”

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on Jan. 22, averages are: 

Area

   Regular      

   One-week change

Record Price

Los Angeles – Long Beach

$2.497

   -7.7 cents

$4.705 (10/9/12)

 

 

 

 

Orange County

$2.466

   -7.9 cents

$4.690 (10/8/12)

 

 

 

 

San Diego

$2.466

   -8.0 cents

$4.725 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria – Lompoc

$2.545

   -12.2 cents

$4.709 (6/21/08)

 

 

 

 

Riverside – San Bernardino

$2.439

   -9.1 cents

$4.688 (10/8/12)

 

     

Ventura

$2.474

   -7.9 cents

$4.689 (10/7/12)

 

 

 

 

Bakersfield

$2.579

   -6.2 cents

$4.648 (10/9/12)