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.