Gas Prices Reach Stratospheric Heights, Jump More Than 20 Cents In One Week

(LOS ANGELES, June 6, 2008) Gas prices spiked over the last week at a pace not seen since 2003, bringing new all-time price records that are more than a dollar higher than this time last year in most areas, 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 $4.339 per gallon, which is 22.7 cents more than last week, 44 cents higher than last month, and 98 cents above last year. In San Diego, the price is $4.375, which is 21 cents higher than last week’s price, 44 cents above last month, and $1.03 higher than last year. On the Central Coast, the average price is $4.415, up 18.3 cents from last week, 40 cents above last month, and 92 cents more than last year. In the Inland Empire, the average per gallon price is $4.345, 21.1 cents over last week, up 43 cents from last month, and $1.01 higher than last year.

“The last time that weekly gas prices rose by more than three cents a day locally was in August 2003, when several refinery outages and an Arizona gasoline pipeline shutdown caused a major supply issue,” said Auto Club spokesperson Jeffrey Spring. “Oil industry analysts say that California refineries have begun producing more diesel fuel and less gasoline, creating a need to import more costly unleaded fuel from out-of-state and overseas.

“There are a few rays of hope, however – crude oil and California wholesale gasoline prices have dropped, and several Midwestern and Southern states have seen slight gas price decreases in the past week.”


The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., June 6:






Record Price


Los AngelesLong Beach


    + 22.7 cents

 $4.339 (6/5/08)





Orange County


    + 22.3 cents

 $4.315 (6/5/08)





San Diego


    + 21.0 cents

 $4.375 (6/5/08)





Santa BarbaraSanta MariaLompoc


    + 18.3 cents

 $4.415 (6/5/08)





RiversideSan  Bernardino


    + 21.1 cents

 $4.345 (6/5/08)







    + 19.3 cents

 $4.388 (6/5/08)





Las Vegas, NV


    + 15.8 cents

 $4.050 (6/5/08)