Auto Club: Gas Prices Drop For First Time In Seven Weeks

(LOS ANGELES, June 27, 2008)For the first time in seven weeks, Southern California gas prices dropped very slightly compared to the previous 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 $4.617 per gallon, which is nine tenths of a cent less than last week, 56 cents higher than last month, and $1.46 above last year. In San Diego, the price is $4.603, which is 2.7 cents lower than last week’s price, 49 cents above last month, and $1.46 higher than last year. On the Central Coast, the average price is $4.688, down 1.5 cents from last week, 49 cents above last month, and $1.28 more than last year. In the Inland Empire, the average per gallon price is $4.599, 1.3 cents under last week, up 51 cents from last month, and $1.47 higher than last year.

“Around the country, gas prices are backing down very slightly,” said Auto Club spokesperson Jeffrey Spring. “Unfortunately, the pricing situation remains very volatile and there’s no way to know whether this is the start of a true price decline or if it’s just a plateau.”
The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., June 27:
 

Area                   

 Regular

One-week

change

 

Record Price

 

Los AngelesLong Beach

$4.617

    - 0.9 cents

 $4.626 (6/21/08)

 

 

 

 

Orange County

$4.582

    - 1.6 cents

 $4.598 (6/19/08)

 

 

 

 

San Diego

$4.603

    - 2.7 cents

 $4.630 (6/19/08)

 

 

 

 

Santa BarbaraSanta MariaLompoc

$4.688

    - 1.5 cents

 $4.709 (6/21/08)

 

 

 

 

RiversideSan  Bernardino

$4.599

    - 1.3 cents

 $4.614 (6/22/08)

 

 

 

 

Bakersfield

$4.581

    - 0.4 cents

 $4.591 (6/24/08)

 

 

 

 

Las Vegas, NV

$4.273

    - 0.3 cents

 $4.279 (6/21/08)