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Gas Prices Drop As Oil Prices And Demand Slumps

Oil Pump by Roy Luck
Photo by Roy Luck https://www.flickr.com/photos/royluck/   creativecommons.org/licenses/by/4.0/  

Sagging demand for oil and gasoline has brought double-digit weekly declines to Southern California gas prices, which are now below where they were at this time last year for the first time in 2020, according to the Automobile Club of Southern California's Weekend Gas Watch. Today’s retail statewide average is $3.28 a gallon for regular unleaded, which is 12 cents less than last week.
 
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.36 per gallon, which is 11 cents lower than last week, 21 cents lower than a month ago, and two cents lower than last year. In San Diego, the average price is $3.33, which is 13 cents lower than last Thursday, 23 cents less than last month, and two cents lower than last year. On the Central Coast, the average price is $3.43, which is seven cents lower than last week, 15 cents lower than last month, and one cent higher than last year. In Riverside, the average per-gallon price is $3.26, which is 13 cents lower than last week, 21 cents lower than last month, and three cents lower than last year. In San Bernardino, the $3.30 average price is 12 cents less than last week, 22 cents lower than last month, and two cents lower than a year ago today.

“Almost every day this week, we have seen even the lowest gas prices drop further and most consumers should be able to find regular unleaded fuel for close to or under $3 a gallon,” said Auto Club spokesman Jeffrey Spring. “As long as demand and oil prices stay low, we should see gas prices continue to drop.” 

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on March 19, averages are:

March 19 chart

 

Media Contacts

Marie Montgomery
(714) 885-2333
Montgomery.Marie@aaa-calif.com
Doug Shupe
LA-based media contact
(512) 659-1632
shupe.doug@aaa-calif.com
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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.