SoCal Gas Price Spike Is Over

gas pump upper horizontal

Southern California gas prices marched downward by about a penny a day in the last week as imports began arriving to alleviate supply issues that caused a 76-cent spike in less than two weeks, according to the Automobile Club of Southern California's Weekend Gas Watch. The retail state average is $3.856 a gallon for regular today, 2.8 cents less than last week.

 

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.221 per gallon, which is 8.1 cents less than last week, 62 cents more than last month, and 17 cents higher than last year. In San Diego, the average price is $4.163, which is 7.3 cents less than last week, 60 cents higher than last month, and 15 cents more than this time last year. On the Central Coast, the average price is $4.132, 5.2 cents less than last week, 57 cents higher than a month ago, and 4 cents more than last year. In the Inland Empire, the average per-gallon price is $4.155, 4 cents lower than last week, 57 cents more than last month, and 12 cents more than last year.

 

“In just two weeks, Los Angeles wholesale gasoline prices have plunged by 80 cents, which should further encourage gas stations to drop their prices significantly barring any other crisis,” said Auto Club spokesman Jeffrey Spring. “While this last gas price spike was particularly sudden and large, Southern California drivers are still saving a lot of money at the pump in 2015 compared to last year. So far, the year-to-date average price for Los Angeles gas is $3.35 a gallon. Last year between Jan. 1 and July 23, the average price was $4.01 – 66 cents higher. That equals about $200 in savings for a motorist who has driven 6,000 miles so far this year in a vehicle getting 20 miles per gallon.”

 

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on July 23, averages are: 

 

Area

   Regular   

  One-week  

  change  

Record Price

Los Angeles – Long Beach

$4.221

   -8.1 cents    

  $4.705 (10/9/12)

 

 

 

 

Orange County

$4.197

-7.8 cents

  $4.690 (10/8/12)

 

 

 

 

San Diego

$4.163

   -7.3 cents

  $4.725 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria – Lompoc

$4.132

    -5.2 cents

  $4.709 (6/21/08)

 

 

 

 

Riverside – San Bernardino

$4.155

  -4.0 cents

  $4.688 (10/8/12)

 

 

 

 

Ventura

$4.209

 -6.3 cents

  $4.689 (10/7/12)