Gasoline prices fell for the sixth straight week and motorists should see lower prices throughout Southern California for the Memorial Day holiday weekend, the Automobile Club of Southern California said.
The average price for regular self-serve unleaded gasoline in the San Diego area dipped 5 cents to $2.445 on Friday from $2.495 one week ago. The price is down 15 cents from this time last month and 10 cents from this time last year.
“High prices through the winter and spring have tempered demand for gas,” said Auto Club spokeswoman Carol Thorp. “When you combine lower demand with ample supply, that is a recipe for lower prices at our local pumps.”
For the second Friday in a row, the Bakersfield area had the lowest average price in Southern California, with $2.422, down 5 cents. The Riverside-San Bernardino area came in second place, at $2.439. The Santa Barbara-Santa Maria-Lompoc area had the highest average local price, at $2.575.
“There may be some retailers who will bump up their prices during the holiday weekend, but the trend through the entire region is for lower prices, and that should continue for the next few weeks,” said Thorp.
San Diego’s record gas price was $2.626, set April 12.
The Weekend Gas Watch reports the average price of gasoline as of 12:01 a.m., May 27.