(LOS ANGELES – March 29, 2012) –Southland gasoline prices declined slightly for the second straight week but remain at almost the same level as they were at the beginning of March after the 50-plus cent spike of February, 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 $4.358 per gallon, which is 2.6 cents less than last week, one-tenth of a penny higher than last month, and 31 cents higher than last year. In San Diego, the price is $4.335, 1.9 cents below last week, 2.1 cents below last month, and 30 cents higher than last year. On the Central Coast, the average price is $4.405, down 2.4 cents from last week, 1.6 cents higher than a month ago, and 31 cents above last year. In the Inland Empire, the average per gallon price is $4.340, down 2.1 cents from last week, four-tenths of a cent higher than last month, and 32 cents more than last year.
“The 2012 average daily price so far for Los Angeles is $4.02 a gallon, so this year is shaping up to be more expensive than 2011’s annual average price of $3.82,” said Auto Club spokesperson Jeffrey Spring. “Despite a large drop in wholesale prices earlier this month, so far we haven’t seen a corresponding big decline at the pump.”
The Weekend Gas Watch monitors the average price of gasoline. As of 11 a.m. on March 29, averages are:
Los Angeles – Long Beach
Santa Barbara – Santa Maria – Lompoc
Riverside – San Bernardino