Southern California gas price averages have dropped by more than a penny a day in most areas over the last week, according to the Automobile Club of Southern California’s Weekend Gas Watch. The state average is $4.546 a gallon for regular today – 11.3 cents lower than last week and 12.5 cents lower than the $4.671 new record price set on Oct. 9.
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.588 per gallon, which is 10.8 cents less than last week, 44 cents higher than last month, and 71 cents higher than last year. In San Diego, the price is $4.567, 13.6 cents below last week, 44 cents above last month, and 69 cents higher than last year. On the Central Coast, the average price is $4.588, down 8.7 cents from last week, 40 cents higher than a month ago, and 68 cents above last year. In the Inland Empire, the average per gallon price is $4.572, down 10.6 cents from last week, 45 cents higher than last month, and 72 cents more than last year.
“Oil industry analysts reported significant drops in the wholesale market on Wednesday which, if they hold, should bring prices well below $4 a gallon in Southern California,” said Auto Club spokesperson Jeffrey Spring. “The only question is how quickly that will happen.”
The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on Oct. 18, averages are:
Los Angeles – Long Beach
Santa Barbara – Santa Maria – Lompoc
Riverside – San Bernardino