Gas Prices Continue to Moderate

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Gas prices continued creeping further downward this week from all-time record highs set in mid-May, according to the latest 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 $3.376, which is 2.5 cents lower than last week, 23 cents higher than last month and 92 cents higher than last year. The average price of diesel gasoline reached $3.395, off the record high of $3.461 reached on May 6. The Auto Club survey monitors the average price of gasoline each Friday.


“Oil industry analysts indicate there is plenty of gasoline available for the summer driving months,” said Carol Thorp, auto club spokesperson. “Over the past five years, gas prices have spiked in the spring and tapered downward in June and July, so we could see that pattern again this year.”


On the Central Coast, the average price is $3.468, down 1.8 cents from last week, 23 cents above last month and 89 cents higher than last year. In the Inland Empire, the average price is $3.412, down 2.8 cents from last week, 22 cents above last month and 97 cents higher than last year. In San Diego, the price is $3.40 , 3.7 cents below last week’s price, 23 cents above last month and 95 cents above last year.

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