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July 12, 2010

Gas prices see minor downturn

Filed under: finance — Tags: , , — Gladiator @ 7:21 pm

Although gasoline prices did not drop by much in Southern California, it was a third-straight week of declines, according to the Automobile Club of Southern California's Weekend Gas Watch.

According to the Auto Club, the average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.121 per gallon, which is six-tenths of a cent less than last week, a nickel higher than last month, and 17 cents higher than last year.

On the Central Coast, the average price is $3.185, down two cents from last week, four cents higher than a month ago, and 16 cents above last year.

In the Inland Empire, the average per gallon price is $3 cash advance loan no fax.105, which is four-tenths of a cent lower than last week, five cents higher than last month, and 17 cents more than last year.

"The gas price spread between this year and the same time last year has shrunk from a difference of about $1.10 in January to just four cents per gallon in early June, but now the gap has widened again. Right now, the difference between today’s pump price and the July 2009 price is 15 to 17 cents a gallon," Auto Club Spokesperson Jeffrey Spring said in a statement.

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