Auto Club: Gas Prices Continue Lower

Weekly Fuel Prices Report

(LOS ANGELES, August 4, 2006) — Gasoline prices drifted lower for the third consecutive week as early summer fears of gas supply interruptions eased, 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 $3.243, which is 2.4 cents lower than last week, four cents higher than last month and 65 cents higher than last year. In San Diego, the price is $3.284, two cents below last week�s price, four cents above last month and 65 cents above last year. On the Central Coast, the average price is $3.385, down 1.7 cents from last week, one cent above last month and 70 cents higher than last year. In the Inland Empire, the average price is $3.271, down 2.1 cents from last week, two cents above last month and 69 cents higher than last year.

�In the early summer, gas prices rose rapidly on fears that there would be shortages,� said Auto Club spokesperson Carol Thorp. �Despite Middle East war and terrorism, supplies have remained steady and now prices are easing off.�

The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., August 4:

Area

Regular

Change from
last week

Record Price

Los Angeles–Long Beach

$3.243

- 2.4 cents

$3.402 (5/13/2006)

Orange County

$3.206

- 2.0 cents

$3.371 (5/17/2006)

San Diego

$3.284

- 2.0 cents

$3.438 (5/15/2006)

Santa Barbara–Santa Maria- Lompoc

$3.385

- 1.7 cents

$3.491 (5/16/2006)

Riverside–San Bernardino

$3.271

- 2.1 cents

$3.445 (5/15/2006)

Bakersfield

$3.230

- 0.7 cent

$3.450 (5/16/2006)

Las Vegas , NV

$3.019

+ 0.7 cent

$3.176 (5/17/2006)

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