(LOS ANGELES, May 9, 2008) – Gas prices stopped setting daily records throughout most of Southern California last week but have barely budged below those records, 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 $3.896, which is six-tenths of one cent less than last week, 19 cents higher than last month, and 41 cents above last year. In San Diego, the price is $3.938, which is nine-tenths of a cent lower than last week’s price, 20 cents above last month, and 43 cents higher than last year. On the Central Coast, the average price is $4.016, down three-tenths of a cent from last week, 20 cents above last month, and 41 cents more than last year. In the Inland Empire, the average price is $3.905, 1.4 cents under last week, up 20 cents from last month, and 42 cents higher than last year.
“The price of crude oil keeps setting new records, and that continues to keep upward pressure on fuel prices,” said Auto Club spokesperson Jeffrey Spring. “Even though many California cities haven’t set new record prices in a few days, the rest of the country continues to break records daily. In fact, Alaska has overtaken California as the most expensive state for gasoline with an average price over $3.93 a gallon.”
The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., May 9:
+ 2.1 cents
+ 2.3 cents