(LOS ANGELES, Nov. 21, 2008) - The precipitous plunge in gas prices during recent weeks has slashed gas prices in half compared to their all-time records in June, 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 $2.327 per gallon, which is 19.1 cents less than last week, 97 cents lower than last month, and $1.07 under last year. In San Diego, the price is $2.265, which is 21.1 cents under last week's price, 99 cents below last month, and $1.15 lower than last year. On the Central Coast, the average price is $2.389, down 17.5 cents from last week, 98 cents below last month, and $1.10 below last year. In the Inland Empire, the average per gallon price is $2.277, which is 18.9 cents under last week, down 98 cents from last month, and $1.12 less than last year.

 

"Thanksgiving travelers can be grateful for these drastically lower gas prices, which have dropped to less than $2 a gallon at a few local stations," said Auto Club spokesperson Jeffrey Spring. "Although the Auto Club is projecting a 2.3 percent decrease in the number of Southern California travelers over last year, some people could make last-minute travel plans with these lower gas prices in mind."

 

The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m. Nov. 21:

 

 

Area	Regular	One-week change	Record Price
Los Angeles – Long Beach	$2.327	- 19.1 cents	$4.626 (6/21/08)
Orange County	$2.295	- 18.8 cents	$4.598 (6/19/08)
San Diego	$2.265	- 21.1 cents	$4.630 (6/19/08)
Santa Barbara – Santa Maria – Lompoc	$2.389	- 17.5 cents	$4.709 (6/21/08)
Riverside – San  Bernardino	$2.277	- 18.9 cents	$4.614 (6/22/08)
Bakersfield	$2.294	- 23.4 cents	$4.591 (6/24/08)
Las Vegas, NV	$2.204	- 15.2 cents	$4.279 (6/21/08)