SOURCE: Auto Club of Southern California

August 04, 2006 03:01 ET

Auto Club: Gas Prices Continue Lower

LOS ANGELES, CA -- (MARKET WIRE) -- August 4, 2006 -- Gasoline prices drifted lower for the third consecutive week as early summer fears of gas supply interruptions eased, 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 $3.243, which is 2.4 cents lower than last week, four cents higher than last month and 65 cents higher than last year. In San Diego, the price is $3.284, two cents below last week's price, four cents above last month and 65 cents above last year. On the Central Coast, the average price is $3.385, down 1.7 cents from last week, one cent above last month and 70 cents higher than last year. In the Inland Empire, the average price is $3.271, down 2.1 cents from last week, two cents above last month and 69 cents higher than last year.

"In the early summer, gas prices rose rapidly on fears that there would be shortages," said Auto Club spokesperson Carol Thorp. "Despite Middle East war and terrorism, supplies have remained steady and now prices are easing off."

The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., August 4:

Area                 Regular     Change from last week      Record Price
Los Angeles -
 Long Beach           $3.243          -2.4 cents         $3.402 (5/13/2006)

Orange County         $3.206          -2.0 cents         $3.371 (5/17/2006)

San Diego             $3.284          -2.0 cents         $3.438 (5/15/2006)

Santa Barbara-Santa
 Maria-Lompoc         $3.385          -1.7 cents         $3.491 (5/16/2006)

Riverside - San
 Bernardino           $3.271          -2.1 cents         $3.445 (5/15/2006)

Bakersfield           $3.230          -0.7 cents         $3.450 (5/16/2006)

Las Vegas, NV         $3.019          +0.7 cents         $3.176 (5/17/2006)

Contact Information

  • Contact:
    Carol Thorp/Paul Gonzales
    (714) 885-2333