Auto Club: Gas Prices Dip Below $2 per Gallon

Weekly Fuel Prices Report

(LOS ANGELES, January 7, 2005) — For the first time in almost 11 months, the average price of a gallon of regular gasoline in the Los Angeles/Long Beach area dipped below $2 per gallon, according to the Automobile Club of Southern California's Weekend Gas Watch. Today's price is $1.999 per gallon. On February 23, 2004, a gallon of regular gas sold for $1.994 in the L.A./Long Beach area.

The average price of self-serve regular gasoline in the Los Angeles–Long Beach area is $1.999 a gallon, which is 3.8 cents lower than last week, 24 cents lower than last month and 35 cents higher than last year. In San Diego, the price is $2.028, which is 4.3 cents lower than last week, 24 cents below last month and 35 cents above last year. On the Central Coast, the average price is $2.124, which is down six cents from last week, 24 cents lower than last month and 37 cents higher than last year. In the Inland Empire, the average price is $2.007, which is down 4.5 cents from last week, 26 cents below last month and 36 cents above last year.

"While it is notable that the average price of gas is below $2 per gallon for the first time since last February, it is not a reason for motorists to celebrate," said Auto Club spokesperson Carol Thorp. "Prices are about 35 cents higher than at this time last year and we expect that the downward trend in prices will end in the coming weeks."

The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., Jan. 7.

AreaRegularChangeRecord Price
Los Angeles–Long Beach$1.999- 3.8 cents$2.446 (10/21/2004)
Orange County$1.976- 3.6 cents$2.441 (10/23/2004)
San Diego$2.028- 4.3 cents$2.464 (10/21/2004)
Santa Barbara–Santa Maria–Lompoc $2.124- 6.0 cents$2.570 (10/22/2004)
Riverside–San Bernardino$2.007- 4.5 cents$2.461 (10/21/2004)
Bakersfield$1.995- 3.9 cents$2.437 (10/23/2004)
Las Vegas, NV$1.867- 2.4 cents$2.290 (10/20/2004)

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