SOURCE: Auto Club of Southern California
June 22, 2007 03:30 ET
Auto Club: Gas Prices Drop for Sixth Week; Some Stations Dip Below $3
LOS ANGELES, CA--(Marketwire - June 22, 2007) - Gas prices continued dropping steadily for
the sixth straight week, bringing several stations across the Southland
below the $3 mark for the first time since March, 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 $3.191, which is 6.4 cents cheaper than last week, 26 cents
below last month, and 3 cents under last year. In San Diego, the price is
$3.165, which is 7.1 cents below last week's price, 28 cents under last
month, and 6 cents cheaper than last year. On the Central Coast, the
average price is $3.407, down 3.9 cents from last week, 17 cents under last
month, and 2 cents higher than last year. In the Inland Empire, the average
price is $3.159, 7 cents below last week, 28 cents under than last month,
and 9 cents cheaper than last year.
"Prices are still almost 30 percent higher than they were at the end of
January, when the spring price spike began and the statewide average was
$2.52," said Auto Club spokesperson Carol Thorp. "Oil industry analysts
reported this week that gasoline and crude inventories are higher compared
to last month."
The Weekend Gas Watch monitors the average price of gasoline as of 12:01
a.m., June 22:
One-week
Area Regular change Record Price
Los Angeles - Long Beach $ 3.191 - 6.4 cents $ 3.487 (5/9/2007)
Orange County $ 3.152 - 8.2 cents $ 3.479 (5/8/2007)
San Diego $ 3.165 - 7.1 cents $ 3.503 (5/8/2007)
Santa Barbara - Santa
Maria - Lompoc $ 3.407 - 3.9 cents $ 3.614 (5/15/2007)
Riverside - San
Bernardino $ 3.159 - 7.0 cents $ 3.486 (5/8/2007)
Bakersfield $ 3.177 - 5.2 cents $ 3.489 (5/7/2007)
Las Vegas, NV $ 3.114 - 4.5 cents $ 3.209 (5/29/2007)