The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $2.981 per gallon, which is 11.9 cents more than last week, two cents more than last month, and $1.27 less than last year. In San Diego, the price is $2.984, which is 14.2 cents more than last week’s price, three cents above last month, and $1.16 lower than last year. On the Central Coast, the average price is $3.055, up 10.6 cents from last week, the same price as one month ago, and $1.24 below last year. In the Inland Empire, the average per gallon price is $2.957, which is 11.5 cents more than last week, identical to last month, and $1.22 less than last year.
“Usually California is the state that experiences price spikes ahead of other parts of the country, but this time it’s reversed and we are experiencing the spike a week or two behind other areas,” said Auto Club spokesperson Jeffrey Spring. “Oil industry analysts point to the continued weakness of the dollar, increased crude oil purchases by China, and other signs the economy may be recovering as the reasons behind the increase.”
The Weekend Gas Watch monitors the average price of gasoline. As of 1 p.m. on Aug. 6, averages are:
Santa Barbara – Santa Maria – Lompoc