Gas prices are still dropping after four straight weeks, but it’s unknown how long the drop will continue because wholesale fuel and crude oil prices have been moving back up in recent days, according to the Automobile Club of Southern California's Weekend Gas Watch. The state average is $4.048 a gallon for regular today – 4.4 cents lower than last week.
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.097 per gallon, which is 5.8 cents less than last week, 23 cents lower than last month, and 26 cents lower than last year. In San Diego, the average price is $4.068, which is 4.3 cents below last week, 22 cents below last month, and 27 cents lower than last year. On the Central Coast, the average price is $4.158, down 4.3 cents from last week, 17 cents lower than a month ago, and 25 cents less than last year. In the Inland Empire, the average per-gallon price is $4.066, down 4.9 cents from last week, 22 cents lower than last month, and 28 cents less than last year.
“Los Angeles wholesale prices have risen in the past week, but only the lowest-priced stations in Southern California are priced near the traditional 75-cent margin between wholesale and retail,” said Auto Club spokesperson Jeffrey Spring. “There is still a lot of room for prices to drop further, provided that wholesale prices don’t spike.”
The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on March 28, averages are:
|
Area |
Regular |
One-week change
|
Record Price
|
|
Los Angeles – Long Beach |
$4.097 |
-5.8 cents |
$4.705 (10/9/12) |
|
|
|
|
|
|
Orange County |
$4.066 |
-6.1 cents |
$4.690 (10/8/12) |
|
|
|
|
|
|
San Diego |
$4.068 |
-4.3 cents |
$4.725 (10/8/12) |
|
|
|
|
|
|
Santa Barbara – Santa Maria – Lompoc |
$4.158 |
-4.3 cents |
$4.709 (6/21/08) |
|
|
|
|
|
|
Riverside – San Bernardino |
$4.066 |
-4.9 cents |
$4.688 (10/8/12) |
|
|
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|
|
|
Bakersfield |
$4.048 |
-2.8 cents |
$4.648 (10/9/12) |
|
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|
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Ventura |
$4.093 |
-6.1 cents |
$4.689 (10/7/12) |