Average Gas Prices Continue to Drift Lower

Gas Prices
Fuel Gauge by Paul Schadler
Photo by Paul Schadler https://www.flickr.com/photos/pschadler/ creativecommons.org/licenses/by/4.0/  

With the average price for regular gasoline solidly below $3 per gallon and going lower, many drivers are seeing prices for less than $2.50 at some gas stations, according to the Automobile Club of Southern California's Weekend Gas Watch. Today’s retail statewide average is $2.78 a gallon for regular unleaded, which is six cents less than last week and $1.25 less than last year.
 
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $2.86 per gallon, which is five cents lower than last week, 42 cents lower than a month ago, and $1.22 cents lower than last year. In San Diego, the average price is $2.81, which is five cents lower than last Thursday, 43 cents less than last month, and $1.25 cents lower than last year.

On the Central Coast, the average price dropped to $2.93, which is five cents lower than last week, 42 cents lower than last month, and $1.17 cents lower than last year. In Riverside, the average per-gallon price is $2.70, which is six cents lower than last week, 47 cents lower than last month, and $1.33 cents lower than last year. In San Bernardino, the $2.78 average price is five cents less than last week, 44 cents lower than last month, and $1.25 cents lower than a year ago today.

“While prices in the futures market for oil spiraled to below zero earlier this week, we don’t expect it to have an immediate impact on the price of gasoline,” said Auto Club spokesman Jeffrey Spring. “Prices are still declining, but at a more moderate pace than last week, and it mostly rests on declining demand.”

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on April 23, averages are:

WEGW - CA Chart April 23 2020

 

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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.