(LOS ANGELES, April 13, 2007) — Southern California gas price averages stabilized in the last week, remaining within a penny of levels they reached last week and about 15 cents shy of the record high prices achieved last May, 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 $3.261, which is one-tenth of one cent higher than last week, 20 cents higher than last month, and 37 cents higher than last year. In San Diego, the price is $3.295, which is four-tenths of a cent above last week�s price, 22 cents above last month, and 39 cents above last year. On the Central Coast, the average price is $3.375, up 1 cent from last week, 19 cents above last month, and 39 cents higher than last year. In the Inland Empire, the average price is $3.290, three-tenths of a cent above last week, 22 cents higher than last month, and 37 cents higher than last year.
�Wholesale gasoline prices in California started going down more than two weeks ago, and that decrease may have finally started trickling down to affect gas station prices,� said Auto Club spokesperson Carol Thorp. �Oil industry analysts say that�s because more refineries in the state now are increasing their output.�
The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., April 13:
|Area||Regular||One-week change||Record price|
|Los Angeles – Long Beach||$3.261||+0.1 cent||$3.402 (5/13/2006)|
|Orange County||$3.241||+0.7 cent||$3.371 (5/17/2006)|
|San Diego||$3.295||+0.4 cent||$3.438 (5/15/2006)|
|Santa Barbara - Santa Maria - Lompoc||$3.375||+1.0 cent||$3.491 ( 5/16/2006)|
|Riverside - San Bernardino||$3.290||+0.3 cent||$3.445 ( 5/15/2006)|
|Bakersfield||$3.286||-0.2 cent||$3.450 ( 5/16/2006)|
|Las Vegas, NV||$2.978||+2.7 cents||$3.176 ( 5/17/2006)|