SoCal gasoline prices rise for a second straight week
The second straight week of gasoline price increases in Southern California have brought the cost at the pump close to levels seen last month and last year, the Automobile Club of Southern California said in its weekly Weekend Gas Watch.
The rise has come as U.S. oil prices have recovered almost $12 from their low point of the year, in late June, of less than $78 a barrel. U.S. oil prices are up 48 cents so far Thursday to $89.45 a barrel on the New York Mercantile Exchange.
“With oil prices still hovering around $90 a barrel, there was still some upward pressure on gas prices in the last week,” said Auto Club spokesman Jeffrey Spring. “However, prices in some California markets have ticked downward or stayed steady in the last day or two, so it’s hard to know what the next week will bring.”
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.830 per gallon, which is 6.3 cents more than last week, four-tenths of one cent higher than last month, and 1 cent higher than last year.
In the Inland Empire, the average per gallon price is $3.786, up 7.1 cents from last week, 1.3 cents lower than last month, and 1 cent less than last year.
On the Central Coast, the average price is $3.862, up 4.9 cents from last week, 1.6 cents lower than a month ago, and three-tenths of a cent below last year.
In San Diego, the price is $3.810, 6.6 cents above last week, half a cent above last month, and 1 cent lower than last year.
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