(LOS ANGELES, April 28, 2006) — Southern California motorists endured double digit increases at the gas pump for the second week in a row as prices reached new record highs every day this week, 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 $3.197, which is 16.8 cents higher than last week, 46 cents higher than last month and 59 cents higher than last year. In San Diego, the price is $3.213 — 9.7 cents above last week's price, 49 cents above last month and 62 cents above last year. On the Central Coast, the average price is $3.272, up 15.6 cents from last week, 44 cents above than last month and 54 cents higher than last year. In the Inland Empire, the average price is $3.225, up 17.2 cents from last week, 48 cents above last month and 60 cents higher than last year.
"Prices remain on the rise but there is hope that we may be nearing a peak," said Auto Club spokesperson Carol Thorp. "Wholesale gas prices have averaged about $2.60 per gallon for the past week. Taxes add about 60 cents to that, transportation and dealer profit is another five-to-ten cents. Prices in the L.A./Long Beach area could peak at $3.25–$3.30 by mid May then they could decline after Memorial Day."
The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., April 28:
|Los Angeles–Long Beach||$3.197||+ 16.8 cents||$3.197 (4/27/2006)|
|Orange County||$3.177||+ 17.8 cents||$3.177 (4/27/2006)|
|San Diego||$3.213||+ 09.7 cents||$3.213 (4/27/2006)|
|Santa Barbara–Santa Maria–Lompoc||$3.272||+ 15.6 cents||$3.272 (4/27/2006)|
|Riverside–San Bernardino||$3.225||+ 17.2 cents||$3.225 (4/27/2006)|
|Bakersfield||$3.210||+ 12.3 cents||$3.210 (4/27/2006)|
|Las Vegas, NV||$2.942||+ 14.0 cents||$2.968 (9/8/2005)|