Auto Club: Gas Prices Level Off Slightly

(LOS ANGELES, Jan. 30, 2009) Local gas prices bounced up and down a little over the past several days but ultimately ended the week with a slight increase, 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 $2.077 per gallon, which is 1.5 cents more than last week, 29 cents higher than last month, and $1.03 under last year. In San Diego, the price is $2.102, which is two cents more than last week’s price, 27 cents above last month, and $1.00 lower than last year. On the Central Coast, the average price is $2.159, up 1.6 cents from last week, 29 cents up from last month, and $1.10 below last year. In the Inland Empire, the average per gallon price is $2.074, which is 2.1 cents over last week, 29 cents more than last month, and $1.01 less than last year.

“We seem to have experienced a lull in price increases just after most Southern California gas stations posted prices over $2 a gallon,” said Auto Club spokesperson Jeffrey Spring. “Demand for gasoline is at a five-year low as a result of the economic downturn. However, there could be some California supply worries on the horizon as a result of the announcement that the Big West Refinery in Bakersfield is shutting down indefinitely.”

The Weekend Gas Watch monitors the average price of gasoline as of 3:07 a.m. on Jan. 30.

(Download the Word version of this chart by clicking here.)



Area


Regular
 
 
One-week
change



2008 Lowest Price


Record Price



Los Angeles –
Long Beach
 
 
$2.077


+ 1.5 cents


$1.720 (12/16/08)


$4.626 (6/21/08)




Orange County
 
 
$2.065


+ 1.3 cents


$1.707 (12/17/08)


$4.598 (6/19/08)




San Diego
 
 
$2.102


+ 2 cents


$1.707 (12/15/08)


$4.630 (6/19/08)




Santa Barbara – Santa Maria – Lompoc
 
 
$2.159


+ 1.6 cents


$1.780 (12/16/08)


$4.709 (6/21/08)




Riverside – San Bernardino
 
 
$2.074


+ 2.1 cents


$1.692 (12/16/08)


$4.614 (6/22/08)




Bakersfield
 
 
$2.182


+ 2.8 cents


$1.785 (12/15/08)


$4.591 (6/24/08)




Las Vegas, NV
 
 
$2.037


+ 4.7 cents


$1.732 (12/19/08)


$4.279 (6/21/08)