Auto Club: 70-Cent Drop Since May As Gas Prices Continue Falling

(LOS ANGELES, Aug. 24, 2007) - Southern California gas prices are still falling from their record heights achieved in May, continuing the downward trend that has reduced pump prices by about 70 cents over the past 15 weeks, 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 $2.788, which is 7.6 cents cheaper than last week, 30 cents below last month, and 40 cents under last year. In San Diego, the price is $2.836, which is 5.8 cents below last week's price, 28 cents under last month, and 36 cents cheaper than last year. On the Central Coast, the average price is $3.016, down 6.9 cents from last week, 30 cents under last month, and 36 cents below last year. In the Inland Empire, the average price is $2.781, 6.6 cents below last week, 29 cents under last month, and 43 cents cheaper than last year.
"If current trends continue during the last couple weeks of summer vacation, motorists will have the chance to take a getaway that could cost them $20 to $50 less in gasoline than at the beginning of the summer," said Auto Club spokesperson Carol Thorp.
The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., August 24:
Area RegularOne-week change Record price
Los Angeles - Long Beach $2.788- 7.6 cents$3.487 (5/9/2007)
Orange County $2.720- 8.3 cents$3.479 (5/8/2007)
San Diego $2.836- 5.8 cents$3.503 (5/8/2007)
Santa Barbara - Santa Maria - Lompoc $3.016- 6.9 cents$3.614 (5/15/2007)
Riverside - San Bernardino $2.781- 6.6 cents$3.486 (5/8/2007)
Bakersfield$2.822- 6.6 cents$3.489 (5/7/2007)
Las Vegas, NV $2.739- 3.6 cents $3.209 (5/29/2007)
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