(LOS ANGELES, August 4, 2006) — Gasoline prices drifted lower for the third consecutive week as early summer fears of gas supply interruptions eased, according to the Automobile Club of Southern California�s Weekend Gas Watch.
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.243, which is 2.4 cents lower than last week, four cents higher than last month and 65 cents higher than last year. In San Diego, the price is $3.284, two cents below last week�s price, four cents above last month and 65 cents above last year. On the Central Coast, the average price is $3.385, down 1.7 cents from last week, one cent above last month and 70 cents higher than last year. In the Inland Empire, the average price is $3.271, down 2.1 cents from last week, two cents above last month and 69 cents higher than last year.
�In the early summer, gas prices rose rapidly on fears that there would be shortages,� said Auto Club spokesperson Carol Thorp. �Despite Middle East war and terrorism, supplies have remained steady and now prices are easing off.�
The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., August 4:
Area | Regular | Change from | Record Price |
Los Angeles–Long Beach | $3.243 | - 2.4 cents | $3.402 (5/13/2006) |
Orange County | $3.206 | - 2.0 cents | $3.371 (5/17/2006) |
San Diego | $3.284 | - 2.0 cents | $3.438 (5/15/2006) |
Santa Barbara–Santa Maria- Lompoc | $3.385 | - 1.7 cents | $3.491 (5/16/2006) |
Riverside–San Bernardino | $3.271 | - 2.1 cents | $3.445 (5/15/2006) |
Bakersfield | $3.230 | - 0.7 cent | $3.450 (5/16/2006) |
Las Vegas , NV | $3.019 | + 0.7 cent | $3.176 (5/17/2006) |
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