Southland Gas Prices May Show Signs of Plateau

(LOS ANGELES – April 21, 2011) –Southland gas prices continued rising over the past week, but a few areas show signs that prices may be leveling off, according to the Automobile Club of Southern California’s Weekend Gas Watch.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.218 per gallon, which is 2.2 cents more than last week, 25 cents higher than last month, and $1.12 higher than last year. In San Diego, the price is $4.203, an increase of 1.9 cents over last week, 23 cents above last month, and $1.10 higher than last year. On the Central Coast, the average price is $4.253, up 2.9 cents from last week, 23 cents higher than a month ago, and $1.07 above last year. In the Inland Empire, the average per gallon price is $4.193, which is 2.4 cents higher than last week, 24 cents higher than last month, and $1.10 more than last year.
 
“Most local areas are posting prices above $4.20 a gallon, and a few cities have seen no increases or even a very slight price decline in the last day or two,” said Auto Club spokesperson Jeffrey Spring. “However, with the continued volatility of oil and gasoline prices on commodities exchanges, it’s too soon to call this either a price plateau or the start of a price decline.”
 
The Weekend Gas Watch monitors the average price of gasoline. As of noon on April 21, averages are:
 
Area                   
 Regular
One-week
change
 
Record Price
 
Los Angeles – Long Beach
$4.218
     +2.2 cents
 $4.626 (6/21/08)
 
 
 
 
Orange County
$4.202
     +2.0 cents
 $4.598 (6/19/08)
 
 
 
 
San Diego
$4.203
     +1.9 cents
 $4.630 (6/19/08)
 
 
 
 
Santa Barbara – Santa Maria – Lompoc
$4.253
     +2.9 cents
 $4.709 (6/21/08)
 
 
 
 
Riverside – San  Bernardino
$4.193
     +2.4 cents
 $4.614 (6/22/08)
 
 
 
 
Bakersfield
$4.208
      +3.1 cents
 $4.591 (6/24/08)
 
 
 
 
Ventura
$4.215
      +2.4 cents
 $4.625 (6/18/08)

Media Contacts

Marie Montgomery
(714) 885-2333
Montgomery.Marie@aaa-calif.com