SOURCE: Auto Club of Southern California
September 07, 2007 03:30 ET
Auto Club: Summer Gas Price Drops End Over Labor Day
LOS ANGELES, CA--(Marketwire - September 7, 2007) - Gas prices began inching back up again over
the holiday weekend after nearly four straight months of price decreases,
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 $2.765, which is 3.2 cents higher than last week, 22 cents
below last month, and 30 cents under last year. In San Diego, the price is
$2.835, which is 3.3 cents above last week's price, 19 cents under last
month, and 21 cents cheaper than last year. On the Central Coast, the
average price is $2.976, up 1.2 cents from last week, 23 cents under last
month, and 33 cents below last year. In the Inland Empire, the average
price is $2.774, 3.6 cents more than last week, 18 cents under last month,
and 30 cents cheaper than last year.
"It's too early to say whether this is the end of our price downturn,
although we have seen gas prices increase across the country as well as in
California," said Auto Club spokesperson Carol Thorp. "We are experiencing
a very unusual situation -- most Southern California cities are near or
below the national average price for gasoline, which is currently about
$2.80 a gallon. In fact, 10 other states have prices over $3 a gallon, and
a total of 22 states have gas price averages that are higher than
California."
The Weekend Gas Watch monitors the average price of gasoline as of 12:01
a.m., Sept. 7:
One-week
Area Regular Change Record Price
Los Angeles - Long Beach $2.765 + 3.2 cents $3.487 (5/9/2007)
Orange County $2.716 + 2.7 cents $3.479 (5/8/2007)
San Diego $2.835 + 3.3 cents $3.503 (5/8/2007)
Santa Barbara - Santa
Maria - Lompoc $2.976 + 1.2 cents $3.614 (5/15/2007)
Riverside - San
Bernardino $2.774 + 3.6 cents $3.486 (5/8/2007)
Bakersfield $2.799 + 0.8 cent $3.489 (5/7/2007)
Las Vegas, NV $2.711 - 0.8 cent $3.209 (5/29/2007)