Gas Price Decline Slows To A Crawl As 2007 Ends With New Price Records

(LOS ANGELES, Dec. 28, 2007) - Gas prices in most of Southern California posted a net decline last week, but ticked slightly upward in many cities over the past couple of days, 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 $3.222, which is 2.4 cents lower than last week, 16 cents less than last month, and 58 cents more than last year. In San Diego, the price is $3.255, which is 1.7 cents less than last week's price, 15 cents down from last month, and 57 cents higher than last year. On the Central Coast, the average price is $3.378, up almost one cent from last week, 12 cents below last month, and 62 cents more than last year. In the Inland Empire, the average price is $3.213, 1.8 cents under last week, 17 cents below last month, and 57 cents higher than last year.
 
"Gas price records were shattered again this year statewide as they have been every year since 2002," said Auto Club spokesperson Jeffrey Spring. "California's average gas price this year to date is $3.09, in 2006 it was $2.83, and in 2005 it was $2.50."
 
The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., Dec. 28:
Area Regular One-week changeRecord Price
Los Angeles - Long Beach$3.22- 2.4 cents$3.487 (5/9/2007)
Orange County$3.17- 2.0 cents$3.479 (5/8/2007)
San Diego$3.26- 1.7 cents$3.503 (5/8/2007)
Santa Barbara - Santa Maria - Lompoc$3.38+0.7 cent$3.614 (5/15/2007)
Riverside - San Bernardino$3.21- 1.8 cents$3.486 (5/8/2007)
Bakersfield$3.25- 0.1 cent$3.489 (5/7/2007)
Las Vegas, NV$3.05- 2.4 cents $3.209 (5/29/2007)