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Auto Club: Price Decreases Slow To A Trickle

(LOS ANGELES, July 23, 2009) Gas price decreases in Southern California slowed to a trickle over the past week and even ticked up on the Central Coast, signaling a plateau or possible end to the five-week-old downturn at the pump, 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 $2.845 per gallon, which is 2.4 cents less than last week, 18 cents lower than last month, and $1.59 less than last year. In San Diego, the price is $2.819, which is 1.5 cents less than last week’s price, 21 cents below last month, and $1.57 lower than last year. On the Central Coast, the average price is $2.961, up one-tenth of one cent from last week, 11 cents below last month, and $1.56 below last year. In the Inland Empire, the average per gallon price is $2.829, which is 2.8 cents less than last week, 19 cents less than last month, and $1.58 less than last year.

“Nationally, price averages began rising slightly over the past two days after exactly one month of decreases from June 21 to July 21,” said Auto Club spokesperson Jeffrey Spring. “That’s probably not a good sign for Southern California price decreases to continue, but this could be a plateau rather than the start of another price spike. Crude oil prices have risen on the world market, but demand remains flat and supply is plentiful.”

The Weekend Gas Watch monitors the average price of gasoline. As of 2 p.m. on July 23, averages are:
 

Area                   

 Regular

One-week

change

 

Record Price

 

Los AngelesLong Beach

$2.845

    -2.4 cents

 $4.626 (6/21/08)

 

 

 

 

Orange County

$2.835

    -2.5 cents

 $4.598 (6/19/08)

 

 

 

 

San Diego

$2.819

    -1.5 cents

 $4.630 (6/19/08)

 

 

 

 

Santa Barbara – Santa Maria – Lompoc

$2.961

    +0.1 cent

 $4.709 (6/21/08)

 

 

 

 

RiversideSan  Bernardino

$2.829

     -2.8 cents

 $4.614 (6/22/08)

 

 

 

 

Bakersfield

$2.930

     -3.1 cents

 $4.591 (6/24/08)

 

 

 

 

Ventura

$2.837

     -3.2 cents

 $4.625 (6/18/08)

 
 
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.