SOURCE: Auto Club of Southern California

March 30, 2007 03:05 ET

Auto Club: Gas Prices Within 20 Cents of Record

LOS ANGELES, CA -- (MARKET WIRE) -- March 30, 2007 -- The spring gas price spike just marked its seventh straight week, with most regions now posting price averages within 20 cents of their all-time record highs, 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 $3.205, which is 6 cents higher than last week, 41 cents higher than last month, and 47 cents higher than last year. In San Diego, the price is $3.225, which is 5.4 cents above last week's price, 39 cents above last month, and 49 cents above last year. On the Central Coast, the average price is $3.309, up 6.4 cents from last week, 34 cents above last month, and 47 cents higher than last year. In the Inland Empire, the average price is $3.224, 5.6 cents above last week, 40 cents higher than last month, and 48 cents higher than last year.

"In addition to the other factors that always seem to drive up prices in the spring, this week brought new concerns about stability in the Middle East that affected the gasoline and crude oil market nationally and worldwide," said Auto Club spokesperson Carol Thorp. "But California is still the only state with an average gas price above $3 a gallon."

The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m., March 30:

Area                    Regular           One-week        Record Price
                                           change

Los Angeles -           $3.205           +5.9 cents          $3.402
 Long Beach                                                (5/13/2006)

Orange County           $3.181           +5.7 cents          $3.371
                                                           (5/17/2006)

San Diego               $3.225           +5.4 cents          $3.438
                                                           (5/15/2006)

Santa Barbara -         $3.309           +6.4 cents          $3.491
 Santa Maria -                                             (5/16/2006)
 Lompoc

Riverside -             $3.224           +5.6 cents          $3.445
 San Bernardino                                            (5/15/2006)

Bakersfield             $3.219           +4.2 cents          $3.450
                                                           (5/16/2006)

Las Vegas, NV           $2.875           +7.4 cents          $3.176
                                                           (5/17/2006)

Contact Information

  • Contact:
    Marie Montgomery/Carol Thorp
    (714) 885-2333