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Gas Prices Up For Week, But Heading Back Down

The latest spike in gas prices appears to be over or pausing after just a couple of weeks, but not until it took most area average prices back above $4 a gallon, according to the Automobile Club of Southern California's Weekend Gas Watch. The state average is $4.023 a gallon for regular today – 6.5 cents higher than last week.

 

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.05 per gallon, which is 5.6 cents more than last week, 17 cents higher than last month, and 10 cents lower than last year. In San Diego, the average price is $4.022, which is 6.2 cents above last week, 15 cents above last month, and 10 cents lower than last year. On the Central Coast, the average price is $4.082, up 6.1 cents from last week, 10 cents higher than a month ago, and 10 cents less than last year. In the Inland Empire, the average per-gallon price is $4.006, up 6.4 cents from last week, 14 cents higher than last month, and 11 cents less than last year.

 

“Supply issues that were reportedly the cause of this latest spike have apparently been resolved through restored production at local refineries,” said Auto Club spokesperson Jeffrey Spring. “We saw some small reductions in the last two days in Southern California average retail prices after local wholesale gasoline prices dropped significantly at the start of the week. If that trend holds, we should see further reductions at the pump.”

  

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

Area                   

Regular

One-week

change

 

Record Price

 

Los Angeles – Long Beach

$4.050

+5.6 cents

 $4.705 (10/9/12)

 

 

 

 

Orange County

$4.024

+5.0 cents

 $4.690 (10/8/12)

 

 

 

 

San Diego

$4.022

+6.2 cents

 $4.725 (10/8/12)

 

 

 

 

Santa Barbara – Santa Maria – Lompoc

$4.082

+6.1 cents

 $4.709 (6/21/08)

 

 

 

 

Riverside – San  Bernardino

$4.006

+6.4 cents

 $4.688 (10/8/12)

 

 

 

 

Bakersfield

$4.019

+9.0 cents

 $4.648 (10/9/12)

 

 

 

 

Ventura

$4.041

+6.5 cents

   $4.689 (10/7/12)

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.