Auto Club: Gas Prices at or Near New Records

Weekly Fuel Prices Report

(LOS ANGELES, October 15, 2004) — Gasoline prices continued soaring last week with San Diego, Orange County and the Central Coast all setting new record high levels and Los Angeles within a penny of a new record, 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 $2.357 a gallon, which is 12.5 cents higher than last week, 28 cents higher than last month and 50 cents above last year. In San Diego, the price is $2.391, which is 12.5 cents higher than last week, 28 cents above last month and 56 cents higher than last year. On the central coast, the average price is $2.499, which a new record high and up 12.2 cents from last week, 26 cents higher than last month and 56 cents higher than last year. In the Inland Empire, the average price is $2.387, which is up 13.1 cents from last week, 28 cents above last month and 57 cents above last year.

"The run up of gas prices is due to record high levels of crude oil futures. There doesn't appear to be any indication that crude prices will fall in the immediate near term," said Auto Club spokesperson Carol Thorp. "All of this is bad news for motorists who should expect local gas prices to continue rising in the coming week."

The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., October 15.

Area

Regular

Change from
last week

Record Price

Los Angeles–Long Beach

$2.357

+ 12.5 cents

$2.368 (05/28/2004)

Orange County

$2.360

+ 13.1 cents

$2.360 (10/14/2004)

San Diego

$2.391

+ 12.5 cents

$2.391 (10/14/2004)

Santa Barbara–Santa Maria– Lompoc

$2.499

+ 12.2 cents

$2.499 (10/14/2004)

Riverside–San Bernardino

$2.387

+ 13.1 cents

$2.399 (06/01/2004)

Bakersfield

$2.367

+ 13.2 cents

$2.383 (06/01/2004)

Las Vegas, NV

$2.241

+ 9.3 cents

$2.279 (05/26/2004)

###