(LOS ANGELES, June 29, 2007) — Gas prices continue to drop across Southern California for the seventh consecutive week, but not at the penny-a-day pace of previous weeks, 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 $3.147, which is 4.4 cents cheaper than last week, 26 cents below last month, and 3 cents under last year. In San Diego, the price is $3.138, which is 2.7 cents below last week's price, 27 cents under last month, and 4.5 cents cheaper than last year. On the Central Coast, the average price is $3.393, down 1.4 cents from last week, 18 cents under last month, and 3 cents higher than last year. In the Inland Empire, the average price is $3.122, 3.7 cents below last week, 28 cents under than last month, and 8 cents cheaper than last year.
"News reports on Thursday revealed that U.S. gasoline inventories have dipped significantly in the last week because of reduced imports," said Auto Club spokesperson Carol Thorp. "It's unclear whether that is a temporary situation or a trend that will impact prices at the pump."
The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., June 29:
|Area||Regular||One-week change||Record price|
|Los Angeles – Long Beach||$3.147||- 4.4 cents||$3.487 (5/9/2007)|
|Orange County||$3.094||- 5.8 cents||$3.479 (5/8/2007)|
|San Diego||$3.138||- 2.7 cents||$3.503 (5/8/2007)|
|Santa Barbara - Santa Maria - Lompoc||$3.393||- 1.4 cents||$3.614 (5/15/2007)|
|Riverside - San Bernardino||$3.122||- 3.7 cents||$3.486 (5/8/2007)|
|Bakersfield||$3.168||- 0.9 cents||$3.489 (5/7/2007)|
|Las Vegas, NV||$3.072||- 4.2 cents||$3.209 (5/29/2007)|