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Gas Prices Could Be On The Verge Of Tumbling

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Southern California gasoline stations will be allowed to start selling the cheaper “winter blend” of fuel starting on Sunday, which should help drive down more gas station prices well under $3 a gallon, according to the Automobile Club of Southern California’s Weekend Gas Watch. Today’s retail statewide average is $3.19 a gallon for regular unleaded, which is the same as last week.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.17 per gallon, which is one cent lower than last week, three cents lower than a month ago, and 90 cents lower than last year. In San Diego, the average price is $3.16, which is two cents lower than last Thursday, four cents less than last month, and 86 cents lower than last year.

On the Central Coast, the average price is $3.20, which is one cent lower than last week, two cents lower than last month, and 94 cents lower than last year.  In Riverside, the average per-gallon price is $3.12, which is one cent lower than last week, three cents lower than last month, and 88 cents lower than last year. In Bakersfield, the $3.13 average price is one cent less than last week, one cent lower than last month, and 95 cents lower than a year ago today.

“Southern California wholesale prices have dipped by more than 30 cents since Sept. 1, and with winter blend gasoline on the way, there will be a lot of downward pressure on gas prices,” said Auto Club spokesman Jeffrey Spring. “In this reduced-demand environment, many individual gas stations are reluctant to reduce gas prices, so it’s important that consumers shop around for the cheapest gas prices using tools like the free AAA Mobile app.”

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on Oct. 29, averages are:

Oct 29 chart

 

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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.