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Gas Price Spike Likely Ending, But Fill-Up Prices Now $15 Higher Than Feb. 1

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There are signs the Southern California fuel price spike is over and may actually reverse course downward, but not before gas stations raised their prices by about 65 cents a gallon in the last two weeks, according to the Automobile Club of Southern California's Weekend Gas Watch. The retail state average is $3.44 a gallon for regular today, 34.3 cents more than last week.

 

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.537 per gallon, which is 29.2 cents more than last week, 97 cents more than last month, and 42 cents lower than last year. In San Diego, the average price is $3.501, which is 29.8 cents more than last week, 98 cents higher than last month, and 44 cents lower than last year. On the Central Coast, the average price is $3.497, 29.3 cents more than last week, 92 cents higher than a month ago, and 45 cents less than last year. In the Inland Empire, the average per-gallon price is $3.482, up 29.8 cents from last week, 98 cents more than last month, and 44 cents less than last year.

 

“The good news is that based on a 45-cent drop in wholesale prices since last week, we may see pump prices reverse course in the coming days, provided the wholesale prices don’t go back up,” said Auto Club spokesman Jeffrey Spring. “However, California’s average gas price is now more than a dollar per gallon higher than the national average and Southern California drivers are paying $1.10 more per gallon, or about $16 more per tankful, than they were at the start of February.”

 

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on March 5, averages are: 

 

Area

  Regular   

One-week

change

Record Price

Los Angeles – Long Beach

$3.537

   +29.2 cents  

  $4.705 (10/9/12)

 

 

 

 

Orange County

$3.522

+28.2 cents

  $4.690 (10/8/12)

 

 

 

 

San Diego

$3.501

   +29.8 cents

  $4.725 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria – Lompoc

$3.497

 +29.3 cents

  $4.709 (6/21/08)

 

 

 

 

Riverside – San Bernardino

$3.482

 +29.8 cents

  $4.688 (10/8/12)

 

 

 

 

Ventura

$3.513

 +29.0 cents

  $4.689 (10/7/12)

 

 

 

 

Bakersfield

$3.368

+32.8 cents

  $4.648 (10/9/12)

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.