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Big Jump For January In Southern California Gas Prices

Oil barrels by Ian Burt
Photo by Ian Burt  https://www.flickr.com/photos/oddsock/ creativecommons.org/licenses/by/4.0/  

Gas prices took a sizeable leap over the past week and since New Year’s Day they have increased by nine to 10 cents a gallon on average in many areas of Southern California, according to the Automobile Club of Southern California's Weekend Gas Watch. The retail statewide average is $3.17 a gallon for regular unleaded, six cents higher than last Thursday.
 
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.25 per gallon, which is nine cents more than last Thursday, nine cents higher than last month, and 38 cents higher than last year. In San Diego, the average price is $3.21, which is seven cents higher than a week ago, seven cents more than last month, and 35 cents more than this time last year. On the Central Coast, the average price is $3.22, which is six cents higher than last Thursday, three cents higher than last month, and 32 cents higher than last year. In Riverside, the average per-gallon price is $3.18, which is eight cents higher than last week, eight cents more than last month, and 38 cents more than at this time last year.

“According to the California Energy Commission, inventories of California-blend gasoline are near five-year highs and reportedly, local refinery production in early January was the highest it’s been since 2010,” said Auto Club spokesman Jeffrey Spring. ”Both of those factors would seem to put downward pressure on prices, and yet they increased at the fastest one-week rate since the gas price spike in early November after a 12-cent tax hike.”

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on Jan. 11, averages are:

Area

Regular

1-week change

Record Price

Los Angeles – Long Beach

$3.25

 +9 cents

 $4.70 (10/9/12)

 

 

 

 

Orange County

$3.21

 +8 cents

 $4.69 (10/8/12)

 

 

 

 

San Diego

$3.21

 +7 cents

 $4.72 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria –Lompoc

$3.22

 +6 cents

 $4.70 (6/21/08)

 

Riverside

$3.18

 +8 cents

$4.68 (10/8/12)

 

 

 

 

San Bernardino

$3.22

 +6 cents

 $4.68 (10/8/12)

 

 

 

 

Ventura

$3.20

 +9 cents

 $4.68 (10/7/12)

 

 

 

 

Bakersfield

$3.15

 +3 cents

 $4.64 (10/9/12)

Media Contacts

Marie Montgomery
(714) 885-2320
Montgomery.Marie@aaa-calif.com

Doug Shupe
(512) 659-1632
shupe.doug@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.