Auto Club: Motorists Unwrap Lower Gas Prices As a Holiday Present — But How Long Can They Last?

Weekly Fuel Prices Report

(LOS ANGELES, Dec. 24, 2004) — Southern California motorists continue to enjoy steadily declining prices at the pump, but 2004 will still set the record for the highest Christmas gasoline prices, 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 $2.077 a gallon, which is 6.6 cents lower than last week, 22 cents lower than last month and 44 cents higher than last year. In San Diego, the price is $2.104, which is 5.9 cents lower than last week, 22 cents below last month and 44 cents above last year. On the Central Coast, the average price is $2.215, which is down 6.3 cents from last week, 21 cents lower than last month and 47 cents higher than last year. In the Inland Empire, the average price is $2.084, which is down 6.6 cents from last week, 23 cents below last month and 45 cents above last year.

"Even though we've experienced nine consecutive weeks of lower gasoline prices, we've never had Christmastime gasoline prices this high," said Auto Club spokesperson Carol Thorp. "We expect the lower price trend to last for the next week or so. However, for the past four years, New Year's Day has brought with it new rounds of price hikes. It's likely that will occur again for 2005."

The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., Dec. 24.

AreaRegularChangeRecord Price
Los Angeles–Long Beach$2.077- 6.6 cents$2.446 (10/21/2004)
Orange County$2.055- 6.8 cents$2.441 (10/23/2004)
San Diego$2.104- 5.9 cents$2.464 (10/21/2004)
Santa Barbara–Santa Maria–Lompoc $2.215- 6.3 cents$2.570 (10/22/2004)
Riverside–San Bernardino$2.084- 6.6 cents$2.461 (10/21/2004)
Bakersfield$2.088- 6.5 cents$2.437 (10/23/2004)
Las Vegas, NV$1.913- 5.9 cents$2.290 (10/20/2004)

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