Southern California gas prices continued dropping significantly for the sixth straight week and are now 70 to 80 cents lower than their record levels reached in June, according to the Auto Club’s Weekend Gas Watch. The average price for self-serve regular gasoline in California is $5.66, which is 16 cents lower than last week. The average national price is $4.28, which is also 16 cents lower than a week ago.
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $5.70 per gallon, which is 17 cents lower than last week, 64 cents lower than last month, and $1.34 higher than last year. In San Diego, the average price is $5.62, which is 17 cents lower than last week, 65 cents lower than last month, and $1.29 higher than last year.
On the Central Coast, the average price is $5.75, which is 13 cents lower than last week, 54 cents lower than last month and $1.44 higher than last year. In Riverside, the average per-gallon price is $5.60, which is 16 cents lower than last week, 64 cents lower than last month and $1.32 higher than a year ago. In Bakersfield, the $5.89 average price is 13 cents lower than last Thursday, 43 cents lower than last month and $1.62 higher than a year ago today.
“Los Angeles wholesale gasoline prices rose about 15 cents since last week from a four-month low point, but oil prices continue to stay lower due to economic concerns and rising interest rates,” said Auto Club spokesperson Doug Shupe. “Prices are continuing to drop locally and there are now several dozen stations in Southern California with prices below $5 a gallon. Make sure to use a tool like the free AAA Mobile app to find the cheapest gas station near you.”
The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on July 28, averages are:
