Gas prices moved back up slightly in the past week after nearly a month of price declines, according to the Auto Club’s Weekend Gas Watch. The average price for self-serve regular gasoline in California is $4.66, which is two cents higher than a week ago and 35 cents lower than a year ago today. The average national price is $3.15, which is three cents higher than a week ago and 38 cents lower than on this date last year.
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.68 per gallon, which is three cents more than last week and 37 cents less than last year. In San Diego, the average price is $4.69, which is three cents more than last week and 35 cents lower than this time last year.
On the Central Coast, the average price is $4.63, which is one cent more than last week and 40 cents lower than last year. In Riverside, the average per-gallon price is $4.53, which is four cents more than last week and 41 cents lower than a year ago. In Bakersfield, the $4.57 average price is one cent higher than last week and 35 cents lower than a year ago today.
“Oil Price Information Service reported today that during this past week, inventory of California gasoline dropped by more than one million barrels, which was one of the biggest one-week drops in the past five years,” said Auto Club spokesperson Doug Shupe. “Refineries had previously reported a steep decline in production to the California Energy Commission, and that could be the major factor in the inventory reduction. Typically in the first quarter of the year, California refinery production periodically drops due to maintenance.” ”
The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on March 27, averages are:
