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75-Cent Plunge In Past Month For Gas Prices

Southern California drivers are now paying the lowest gas prices since early August and just about a dime more than this time last year after another week of hefty price declines, according to the Automobile Club of Southern California’s Weekend Gas Watch. The state average is $3.916 a gallon for regular today – nearly 16 cents lower than last week and 76 cents lower than the $4.671 new record price set on Oct. 9.
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.961 per gallon, which is 16.4 cents less than last week, 74.2 cents lower than last month, and 10 cents higher than last year. In San Diego, the price is $3.911, 15.7 cents below last week, 81.4 cents below last month, and 6 cents higher than last year. On the Central Coast, the average price is $4.049, down 13.7 cents from last week, 63.6 cents lower than a month ago, and 14 cents above last year. In the Inland Empire, the average per gallon price is $3.902, down 15.8 cents from last week, 78.6 cents lower than last month, and 7 cents more than last year.
“After one of the sharpest and quickest gas price spikes ever, we have also experienced one of the fastest price drops,” said Auto Club spokesperson Jeffrey Spring. “Wholesale California gasoline prices have ticked up in recent days, but there is still plenty of room for retail prices to drop.”
The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on Nov. 8, averages are:
Record Price
Los Angeles – Long Beach
-16.4 cents
 $4.705 (10/9/12)
Orange County
-17.0 cents
 $4.690 (10/8/12)
San Diego
-15.7 cents
 $4.725 (10/8/12)
Santa Barbara – Santa Maria – Lompoc
-13.7 cents
 $4.709 (6/21/08)
Riverside – San  Bernardino
-15.8 cents
 $4.688 (10/8/12)
-15.7 cents
 $4.648 (10/9/12)
-19.5 cents
      $4.689 (10/7/2012)

Media Contacts

Marie Montgomery
(714) 420-0477 (cell)
CST 1016202-80 Copyright © Automobile Club of Southern California. All Rights Reserved.
The Automobile Club of Southern California is a member club affiliated with the American Automobile Association (AAA) national federation and serves members in the following California counties: Inyo, Imperial, Kern, Los Angeles, Mono, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Santa Barbara, Tulare, and Ventura.