Gas prices have dropped for a fifth straight week in most Southern California areas, according to the Auto Club’s Weekend Gas Watch. The average price for self-serve regular gasoline in California is $4.48, which is two cents lower than a week ago and 17 cents lower than a year ago today. The average national price is $3.16, which is the same as a week ago and 35 cents lower than on this date last year.
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.47 per gallon, which is three cents lower than last week and 15 cents less than last year. In San Diego, the average price is $4.55, which is two cents lower than last week and 16 cents lower than this time last year.
On the Central Coast, the average price is $4.45, which is two cents less than last week and 35 cents lower than last year. In Riverside, the average per-gallon price is $4.32, which is two cents less than last week and 24 cents lower than a year ago. In Bakersfield, the $4.47 average price is the same as last week and 29 cents lower than a year ago today.
“Oil Price Information Service reported that Energy Information Administration statistics released yesterday indicate that West Coast gasoline inventories are higher and the refinery utilization rate is over 90 percent, indicating continued strong supply,” said Auto Club spokesperson Doug Shupe.
The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on July 24, averages are:
