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Auto Club: Prices Barrel Upward Past Memorial Day

(LOS ANGELES, May 28, 2009) – Southern California gas prices continued to post hefty daily increases over the past week even after the Memorial Day holiday, which in the past has often represented the end of the spring gas price spike, 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 $2.663 per gallon, which is nine cents more than last week, 33 cents higher than last month, and $1.42 less than last year. In San Diego, the price is $2.687, which is 8.9 cents more than last week’s price, 34 cents above last month, and $1.45 lower than last year. On the Central Coast, the average price is $2.722, up 8.4 cents from last week, 30 cents above last month, and $1.45 below last year. In the Inland Empire, the average per gallon price is $2.661, which is 9.1 cents more than last week, 34 cents more than last month, and $1.45 less than last year.

“During the past month, prices have risen locally by a penny a day or more on average, which has been our heftiest monthly increase so far in 2009,” said Auto Club spokesperson Jeffrey Spring. “Price increases are also occurring throughout the U.S. as wholesale fuel and crude oil future prices stay high on hopes of an improving economic situation.”

The Weekend Gas Watch monitors the average price of gasoline as of 1 p.m. on May 28.
 
Area

Regular

One-week
change

Record Price

Los Angeles –
Long Beach

$2.663

+9.0 cents

$4.626 (6/21/08)


Orange County

$2.653

+8.3 cents

$4.598 (6/19/08)


San Diego

$2.687

+8.9 cents

$4.630 (6/19/08)


Santa Barbara –
Santa Maria –
Lompoc

$2.722

+8.4 cents

$4.709 (6/21/08)


Riverside –
San Bernardino

$2.661

+9.1 cents

$4.614 (6/22/08)


Bakersfield

$2.724

+8.2 cents

$4.591 (6/24/08)


Ventura

$2.674

+8.3 cents

$4.625 (6/18/08)


 
CST 1016202-80 Copyright © Automobile Club of Southern California. All Rights Reserved.
The Automobile Club of Southern California is a member club affiliated with the American Automobile Association (AAA) national federation and serves members in the following California counties: Inyo, Imperial, Kern, Los Angeles, Mono, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Santa Barbara, Tulare, and Ventura.