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Decline in Southern California gasoline prices stalls

May 03, 2012|By Ronald D. White
  • A motorist refuels at a Cheveron station at California Boulevard and Arroyo Parkway in Pasadena. Gas prices have risen in Southern California after six consecutive weeks of declines.
A motorist refuels at a Cheveron station at California Boulevard and Arroyo… (Francine Orr / Los Angeles…)

The decline in Southern California gasoline prices may have come to an end, for now, according to the Automobile Club of Southern California's Weekend Gas Watch.

“Unfortunately, most pump prices in Southern California are still well over $4 a gallon even after six weeks of price drops, and price averages are about 65 cents higher than at the start of the year,” said Auto Club spokesman Jeffrey Spring. “Oil industry analysts say California inventories of gasoline are low and that could be contributing to the leveling off of prices.”

Gasoline prices rose in the Los Angeles-Long Beach and Orange County regions since last Thursday, ending a six-week streak of declines.

The average price of a gallon of regular gasoline in the Los Angeles-Long Beach area is $4.196. That was up 0.2 cents from last week but still 13 cents lower than last month and 9 cents lower than a year earlier.

In Orange County, the average price was $4.173 a gallon. That's up a penny since last week but still 13.3 cents lower than last month and 8.4 cents lower than last year.

Gas prices in other parts of Southern California have fallen compared with last week.

In San Diego, the average price is $4.186, 1.1 cents below last week, 13 cents below last month and 8 cents lower than last year.

On the Central Coast, the average price is $4.233, down 1 cent from last week, 14 cents from a month ago, and 7 cents from last year.

In the Inland Empire, the average price is $4.165 per gallon, down 1 cent from last week, 15 cents from han last month, and 9 cents from last year.

RELATED:

Electric motorcycle sales rise

Why have gas prices been so high?

Gas prices usually peak in mid-May or later

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