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Auto Club: Gas Prices Rocket...Downward

(LOS ANGELES, Aug. 1, 2008) - Gas prices dropped like a rock in the last week, setting a new one-week record for price reductions in most of the Southland, 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 $4.279 per gallon, which is 13.1 cents less than last week, 32 cents lower than last month, and $1.25 above last year. In San Diego, the price is $4.216, which is 14.9 cents under last week's price, 37 cents below last month, and $1.16 higher than last year. On the Central Coast, the average price is $4.382, down 12.4 cents from last week, 28 cents below last month, and $1.14 more than last year. In the Inland Empire, the average per gallon price is $4.259, 12.2 cents under last week, down 33 cents from last month, and $1.25 higher than last year.
"We've experienced several weeks in Southern California where gas prices shot up by two cents a day, but this is the only time we know of when they've plunged by about two cents daily for a week in a row," said Auto Club spokesperson Jeffrey Spring. "Lower demand and consumers shopping around for the best gas prices have helped play a role. But even with these sharp decreases, drivers are still paying over a dollar per gallon more than at this time last year."
The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m. Aug. 1:






Record Price


Los AngelesLong Beach


    - 13.1 cents

 $4.626 (6/21/08)





Orange County


    - 12.5 cents

 $4.598 (6/19/08)





San Diego


    - 14.9 cents

 $4.630 (6/19/08)





Santa BarbaraSanta MariaLompoc


    - 12.4 cents

 $4.709 (6/21/08)





RiversideSan  Bernardino


    - 12.2 cents

 $4.614 (6/22/08)







    - 10.6 cents

 $4.591 (6/24/08)





Las Vegas, NV


    - 14.8 cents

 $4.279 (6/21/08)

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.