After peaking at the same levels as in 2013, the spring gas price spike for Southern California may finally be over with the first week of solid price declines since the end of January, according to the Automobile Club of Southern California's Weekend Gas Watch. The retail state average is $4.224 a gallon for regular today, 3.7 cents less than last week.
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.266 per gallon, which is 5.4 cents less last week, 13.6 cents higher than last month, and 31 cents higher than last year. In San Diego, the average price is $4.238, which is 4.7 cents below last week, 14 cents higher than last month, and 30 cents higher than last year. On the Central Coast, the average price is $4.266, down 4.3 cents from last week, 14 cents higher than a month ago, and 25 cents more than last year. In the Inland Empire, the average per-gallon price is $4.24, down 4.8 cents from last week, 16 cents more than last month, and 32 cents more than last year.
“Wholesale prices have now dropped to levels that will allow retail pump prices below $4 a gallon, provided they hold steady or drop further,” said Auto Club spokesman Jeffrey Spring. “We encourage drivers to continue to aggressively shop around for the best gas prices, because competition should drive prices lower more quickly.”
The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on May 8, averages are:
|
Area |
Regular |
One-week change |
Record Price |
|
Los Angeles – Long Beach |
$4.266 |
-5.4 cents |
$4.705 (10/9/12) |
|
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|
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Orange County |
$4.258 |
-5.2 cents |
$4.690 (10/8/12) |
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San Diego |
$4.238 |
-4.7 cents |
$4.725 (10/8/12) |
|
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|
Santa Barbara – Santa Maria – Lompoc |
$4.266 |
-4.7 cents |
$4.709 (6/21/08) |
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Riverside – San Bernardino |
$4.240 |
-4.8 cents |
$4.688 (10/8/12) |
|
Ventura |
$4.264 |
-4.1 cents |
$4.689 (10/7/12) |
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Bakersfield |
$4.253 |
-2.2 cents |
$4.648 (10/9/12) |