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OPEC Agreement, Gasoline Imports Cool Local Price Increases

Gas Prices
Oil barrels by Ian Burt
Photo by Ian Burt  https://www.flickr.com/photos/oddsock/ creativecommons.org/licenses/by/4.0/  

An agreement on production levels among OPEC and other international producers and continuing imported gasoline products to the state have tempered prices in Southern California, with most areas seeing the average price for regular increasing 1-2 cents, according to the Automobile Club of Southern California’s Weekend Gas Watch. Today’s retail statewide average rose one cent to $4.32 a gallon for regular unleaded.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.34 per gallon, which is one cent higher than last week, 10 cents higher than last month, and $1.19 higher than last year. In San Diego, the average price is $4.30, one cent higher than last week, eight cents more than last month, and $1.15 higher than last year.

On the Central Coast, the average price is $4.30, which is three cents higher than last week, eight cents higher than last month, and $1.16 higher than last year.  In Riverside, the average per-gallon price is $4.26, which is unchanged from last week, nine cents higher than last month, and $1.17 higher than last year. In Bakersfield, the $4.25 average price is two cents higher than last week, 13 cents higher than last month, and $1.18 higher than a year ago today.

“Strong demand continues to pull prices up, but with a little more certainty about oil prices and strong levels of gasoline imports the price increases are at least smaller this past week,” said Auto Club spokesman Jeffrey Spring.

The Auto Club recommends motorists try fuel conservation tactics such as combining errands, using the most fuel-efficient vehicle in the family and removing excess weight from the vehicle.

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on July 15, averages are:

CA Chart July 15 2021-2

 

Media Contacts

Jeffrey Spring
(714) 742-7754
Spring.Jeffrey@aaa-calif.com
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.