Decline in Southern California gasoline prices stalls


December 2002 Gas Prices

The decline in Southern California gasoline prices may have come to an end, for now, according to the Automobile Club of Southern California’s Weekend Gas Watch.

“Unfortunately, most pump prices in Southern California are still well over $4 a gallon even after six weeks of price drops, and price averages are about 65 cents higher than at the start of the year,” said Auto Club spokesman Jeffrey Spring. “Oil industry analysts say California inventories of gasoline are low and that could be contributing to the leveling off of prices.”

Gasoline prices rose in the Los Angeles-Long Beach and Orange County regions since last Thursday, ending a six-week streak of declines.

The average price of a gallon of regular gasoline in the Los Angeles-Long Beach area is $4.196. That was up 0.2 cents from last week but still 13 cents lower than last month and 9 cents lower than a year earlier.

In Orange County, the average price was $4.173 a gallon. That’s up a penny since last week but still 13.3 cents lower than last month and 8.4 cents lower than last year.

Gas prices in other parts of Southern California have fallen compared with last week.

Read more…


About smartspending5

I am business-minded college student who has a heart for helping others attain emotional independence and psychological stability. My background lies in Broadcasting, network marketing, and Human Services. I believe that crises and extreme stress is necessary for one to grow and figure out what matters in life (Tony Robbins). This keeps me going when frustrations arise in my business. View all posts by smartspending5

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