Auto Club: Gas Prices Set New Records

Weekly Fuel Prices Report

(LOS ANGELES, October 22, 2004) — Gasoline prices continued soaring last week with every reporting region setting new record high levels, 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 $2.446 a gallon, which is 8.9 cents higher than last week, 37 cents higher than last month and 64 cents above last year. In San Diego, the price is $2.464, which is 7.3 cents higher than last week, 35 cents above last month and 68 cents higher than last year. On the central coast, the average price is $2.567, which is up 6.8 cents from last week, 32 cents higher than last month and 68 cents higher than last year. In the Inland Empire, the average price is $2.461, which is up 7.4 cents from last week, 36 cents above last month and 69 cents above last year.

"The run up in gasoline prices continued, but at a slower pace than the prior week, which indicates that we may be near a peak," said Auto Club spokesperson Carol Thorp. "Wholesale prices dropped in Los Angeles this week, and if that continues as a trend, then we should see some relief at the pumps in coming weeks."

The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., October 21.

Area

Regular

Change from
last week

Record Price

Los Angeles–Long Beach

$2.446

+8.9 cents

$2.446 10/21/2004)

Orange County

$2.439

+7.9 cents

$2.439 (10/21/2004)

San Diego

$2.464

+7.3 cents

$2.464 (10/21/2004)

Santa Barbara–Santa Maria– Lompoc

$2.567

+6.8 cents

$2.567 (10/21/2004)

Riverside–San Bernardino

$2.461

+7.4 cents

$2.461 (10/21/2004)

Bakersfield

$2.434

+6.7 cents

$2.434 (10/21/2004)

Las Vegas, NV

$2.289

+4.8 cents

$2.290 (10/20/2004)

###