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Crude Oil Stays Low, But Gas Prices Inch Up

Weekly Fuel Prices Report
(LOS ANGELES – Aug. 25, 2011) –Southern California gas prices stopped their two-week drop during the past week, according to the Automobile Club of Southern California’s Weekend Gas Watch.
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.731 per gallon, which is 2.6 cents higher than last week, 9 cents lower than last month, and 64 cents higher than last year. In San Diego, the price is $3.739, an increase of two cents from last week, eight cents below last month, and 63 cents higher than last year. On the Central Coast, the average price is $3.776, up 2.5 cents from last week, nine cents lower than a month ago, and 62 cents above last year. In the Inland Empire, the average per gallon price is $3.708, up 1.7 cents from last week, eight cents lower than last month, and 52 cents more than last year.
“Although we’re seeing prices still lower than a month ago, refinery outages in Washington State and in Southern California and a reduction in inventories over the past week have contributed to increasing wholesale prices,” said Auto Club spokesperson Jeffrey Spring. “This result has nudged up retail prices.”
The Weekend Gas Watch monitors the average price of gasoline. As of noon on Aug. 25, averages are:
Record Price
Los Angeles – Long Beach
     +2.6 cents
 $4.626 (6/21/08)
Orange County
     +2.8 cents
 $4.598 (6/19/08)
San Diego
     +2.0 cents
 $4.630 (6/19/08)
Santa Barbara – Santa Maria – Lompoc
     +2.5 cents
 $4.709 (6/21/08)
Riverside – San  Bernardino
     +1.7 cents
 $4.614 (6/22/08)
      +1.5 cents
 $4.591 (6/24/08)
      +1.8 cents
 $4.625 (6/18/08)
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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.