(LOS ANGELES, Sept. 22, 2006) — Southern California entered its fifth straight week of rapid gas price declines, with most areas seeing drops of more than one cent per day, 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 $2.861, which is 9.8 cents lower than last week, 34 cents lower than last month and eight cents lower than last year. In San Diego, the price is $2.794, 12.2 cents below last week's price, 42 cents below last month and 19 cents below last year. On the Central Coast, the average price is $3.075, down 9.8 cents from last week, 31 cents below last month and three cents higher than last year. In the Inland Empire, the average price is $2.838, down 12.8 cents from last week, 39 cents below last month and 13 cents lower than last year.
"The world oil market has seen prices plummet by more than 20 percent since July, as supply continues to be plentiful and no significant disruptions have occurred so far," said Auto Club spokesperson Carol Thorp. "In most Southern California cities, motorists are actually paying less for gasoline than at this time last year."
The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., Sept. 22:
Area | Regular | Change from | Record Price |
Los Angeles–Long Beach | $2.861 | - 9.8 cents | $3.402 (5/13/2006) |
Orange County | $2.805 | - 10.5 cents | $3.371 (5/17/2006) |
San Diego | $2.794 | - 12.2 cents | $3.438 (5/15/2006) |
Santa Barbara–Santa Maria- Lompoc | $3.075 | - 9.8 cents | $3.491 (5/16/2006) |
Riverside–San Bernardino | $2.838 | - 12.8 cents | $3.445 (5/15/2006) |
Bakersfield | $2.798 | - 9.8 cents | $3.450 (5/16/2006) |
Las Vegas , NV | $2.789 | - 8.5 cents | $3.176 (5/17/2006) |
###