Further wholesale gas price drops in Los Angeles have possibly given more room for local prices to drop further even after nine straight weeks of declines, according to the Automobile Club of Southern California's Weekend Gas Watch. The retail state average is $3.809 a gallon for regular today, 2.7 cents less than last week.
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.814 per gallon, which is 1.6 cents less than last week, 9 cents less than last month, and 15 cents lower than last year. In San Diego, the average price is $3.80, which is 2.2 cents less than last week, 7.5 cents lower than last month, and 14 cents lower than last year. On the Central Coast, the average price is $3.853, 2.6 cents less than last week, 13 cents lower than a month ago, and 14 cents less than last year. In the Inland Empire, the average per-gallon price is $3.774, down 1.5 cents from last week, 9 cents less than last month, and 14 cents less than last year.
“The height of fuel demand for the year has passed, and reportedly was not as robust as expected by analysts,” said Auto Club spokesman Jeffrey Spring. “Since California is not experiencing any supply problems at the moment and demand is winding down, prices continue to drop. Wholesale prices have dropped about 20 cents since the beginning of September.”
The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on Sept. 11, averages are:
|
Area |
Regular |
One-week change |
Record Price |
|
Los Angeles – Long Beach |
$3.814 |
-1.6 cents |
$4.705 (10/9/12) |
|
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|
|
Orange County |
$3.780 |
-1.9 cents |
$4.690 (10/8/12) |
|
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|
San Diego |
$3.800 |
-2.2 cents |
$4.725 (10/8/12) |
|
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|
Santa Barbara – Santa Maria – Lompoc |
$3.853 |
-2.6 cents |
$4.709 (6/21/08) |
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Riverside – San Bernardino |
$3.774 |
-1.5 cents |
$4.688 (10/8/12) |
|
Ventura |
$3.797 |
-2.2 cents |
$4.689 (10/7/12) |
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Bakersfield |
$3.806 |
-2.9 cents |
$4.648 (10/9/12) |