As OPEC and other international oil producers reached a firm production agreement last weekend, oil prices and wholesale prices dropped by about six percent overnight. The result caused local retail prices in most regions to increase one cent for the second consecutive week, according to the Automobile Club of Southern California’s Weekend Gas Watch. Today’s retail statewide average remained flat at $4.32 a gallon for regular unleaded.
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.35 per gallon, which is one cent higher than last week, nine cents higher than last month, and $1.22 higher than last year. In San Diego, the average price is $4.31, one cent higher than last week, eight cents more than last month, and $1.16 higher than last year.
On the Central Coast, the average price is $4.30, which is unchanged from last week, eight cents higher than last month, and $1.14 higher than last year. In Riverside, the average per-gallon price is $4.27, which is one cent higher than last week, nine cents higher than last month, and $1.17 higher than last year. In Bakersfield, the $4.27 average price is two cents higher than last week, 13 cents higher than last month, and $1.19 higher than a year ago today.
“Our markets have seen flatter prices in the past two weeks because of concerns over increased COVID cases and the possibility of higher oil production in the future,” said Auto Club spokesman Jeffrey Spring. “However, demand remains strong, so we are still seeing slight price increases.
As pump prices continue to increase, AAA members can save at the pump by joining the Fuel Rewards at Shell program at AAA.com/Shell. As part of the Fuel Rewards program, AAA Members earn Gold Status ongoing and save five cents per gallon every day on each individual gas purchase of up to 20 gallons from participating Shell stations with no minimum fill ups.
The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on July 22, averages are: