Auto Club: Gas Prices Continue Downward March

(LOS ANGELES, Aug. 10, 2007) – After rising slightly last week, gas prices throughout Southern California started falling again over the past 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 $2.945, which is 7 cents cheaper than last week, 15 cents below last month, and 28 cents under last year. In San Diego, the price is $2.976, which is 6.2 cents below last week's price, 13 cents under last month, and 29 cents cheaper than last year. On the Central Coast, the average price is $3.162, down 8.5 cents from last week, 16 cents under last month, and 23 cents below last year. In the Inland Empire, the average price is $2.927, 5.9 cents below last week, 15 cents under last month, and 32.5 cents cheaper than last year.

"Gas prices fell about a penny a day in most areas during the past week, and that brought the average price in most regions to under $3 per gallon," said Auto Club spokesperson Carol Thorp. "This means that prices have dropped in ten of the past 11 weeks."

The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., August 10:

Area RegularOne-week change Record price
Los Angeles – Long Beach $2.945- 7 cents $3.487 (5/9/2007)
Orange County $2.883- 7.4 cents $3.479 (5/8/2007)
San Diego $2.976- 6.2 cents $3.503 (5/8/2007)
Santa Barbara - Santa Maria - Lompoc $3.162- 8.5 cents $3.614 (5/15/2007)
Riverside - San Bernardino $2.927- 5.9 cents $3.486 (5/8/2007)
Bakersfield$2.980- 8 cents $3.489 (5/7/2007)
Las Vegas, NV $2.840- 5 cents $3.209 (5/29/2007)