Auto Club: Gas Prices Nosedive For Sixth Straight Week

Weekly Fuel Prices Report

(LOS ANGELES, Sept. 29, 2006) — Gas price averages for every Southern California metropolitan area have now dipped below $3 a gallon, as sizable decreases continue at the pump for the sixth straight 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 $2.754, which is 10.7 cents lower than last week, 40 cents lower than last month and 17 cents lower than last year. In San Diego, the price is $2.671, 12.3 cents below last week's price, 47 cents below last month and 29 cents below last year. On the Central Coast, the average price is $2.99, down 8.5 cents from last week, 35 cents below last month and two cents lower than last year. In the Inland Empire, the average price is $2.722, down 11.6 cents from last week, 45 cents below last month and 23 cents lower than last year.

"Wholesale gasoline prices are no longer plummeting because crude oil prices have stopped dropping for now," said Auto Club spokesperson Carol Thorp. �But pump prices continue to head down by at least a penny a day on average in Southern California.�

The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., Sept. 29:

Area
Regular
Change from last week
Record Price
Los Angeles – Long Beach $2.754 - 10.7 cents $3.402 (5/13/2006)
Orange County $2.686 - 11.9 cents $3.371 (5/17/2006)
San Diego $2.671 - 12.3 cents $3.438 (5/15/2006)
Santa Barbara – Santa Maria – Lompoc $2.990 - 8.5 cents $3.491 (5/16/2006)
Riverside – San Bernardino $2.722 - 11.6 cents $3.445 (5/15/2006)
Bakersfield $2.694 - 10.4 cents $3.450 (5/16/2006)
Las Vegas, NV $2.700 - 8.9 cents $3.176 (5/17/2006)

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