Average L.A. Gas Price Hits $3.39

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New record high prices for gasoline were again set throughout the Southland this week, but prices may be close to a plateau, according to the Weekend Gas Watch from the Automobile Club of Southern California.


The average price of self-serve regular gasoline in the Los Angeles Long Beach area is $3.398, which is 6.1 cents higher than last week, 52 cents higher than last month and 86 cents higher than last year. The average price of diesel gasoline reached $ $3.444, still below the record high of $3.46 reached on Oct. 5. The Auto Club survey monitors the average price of gasoline each Friday.


This week’s increase compared to the 14 cent jump the area the survey recorded the week before. “Since prices reached new record high levels beginning in April, motorists have cut back driving, which has put downward pressure on retail prices,” said Auto Club spokeswoman Carol Thorp.


Late this week there were indications that prices were beginning to level out, Thorp noted, which is consistent with Energy Department reports of higher domestic production and flat demand for gasoline.


On the Central Coast, the average price is $3.476, up 5.8 cents from last week, 50 cents above than last month and 80 cents higher than last year. In the Inland Empire, the average price is $3.439, up 6.7 cents from last week, 53 cents above last month and 88 cents higher than last year. In San Diego, the price is $3.435, 7.1 cents above last week’s price, 55 cents above last month and 89 cents above last year.

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