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Auto Club: Gas Prices Continue Dropping As Inventories Rise; Gas Tax Set To Rise Friday

Newsroom Fourth of July 1943-07 WW COVER

Just in time for Fourth of July travel, gas prices are continuing to drop from their record high points of two weeks ago as the Energy Information Administration reports that gasoline stockpiles across the country have increased, according to the Auto Club’s Weekend Gas Watch. The average price for self-serve regular gasoline in California is $6.29, which is seven cents lower than last week. The average national price is $4.86, which is eight cents lower than a week ago.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $6.33 per gallon, which is six cents lower than last week, 17 cents higher than last month, and $2.12 higher than last year. In San Diego, the average price is $6.25, which is six cents lower than last week, 17 cents higher than last month, and $1.99 higher than last year.

On the Central Coast, the average price is $6.28, which is four cents lower than last week, 19 cents higher than last month and is $2.02 higher than last year. In Riverside, the average per-gallon price is $6.22, which is five cents lower than last week, 19 cents higher than last month and $1.99 higher than a year ago. In Bakersfield, the $6.32 average price is three cents lower than last Thursday, 22 cents higher than last month and $2.12 higher than a year ago today.

“Los Angeles wholesale gasoline prices have dropped to their lowest levels since May 20 as supplies have increased while demand has been affected by these very high pump prices,” said Auto Club spokesperson Doug Shupe. “That is great news for Independence Day travelers, especially since this is expected to be the third busiest July Fourth travel holiday on record. It’s not clear whether the three-cent gas tax increase that takes effect tomorrow will create a brief increase at the pump for drivers, or if the increase will just be cancelled out by the continuing drop in gas prices.”

California gas stations will start charging three cents more in taxes on gasoline beginning tomorrow as part of a law to automatically adjust the gasoline excise tax that passed in 2017 and was upheld by voters in 2018. The excise tax funds are used to pay for transportation projects and services.

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on June 30, averages are:

June 30 22

 

Media Contacts

Doug Shupe
LA-based media contact
(512) 659-1632
shupe.doug@aaa-calif.com
Anlleyn Venegas
Public Affairs Specialist. Spanish-Language Media Spokesperson , Auto Club Enterprises
(619) 565-4556
Venegas.Anlleyn@ace.aaa.com
Marie Montgomery
(714) 420-0477 (cell)
Montgomery.Marie@aaa-calif.com
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.