Supply And Demand Continue To Push Gas Prices Higher

By Staff Reports

(Victor Valley)– Southern California gas price averages moved closer to $3 a gallon as demand continued to increase over the Memorial Day holiday, according to the Automobile Club of Southern California’s Weekend Gas Watch. Today’s retail statewide average is $2.88 a gallon for regular unleaded, up five cents from last week and $1.12 less than last year.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $2.94 per gallon, which is up four cents compared to last week, ten cents higher than a month ago, and $1.03 lower than last year. In San Diego, the average price is $2.91, which is five cents higher than last Thursday, 11 cents more than last month, and $1.05 lower than last year.

On the Central Coast, the average price is $2.98, which is three cents higher than last week, six cents higher than last month, and $1.08 lower than last year. In Riverside, the average per-gallon price is $2.85, which is seven cents higher than last week, 18 cents higher than last month, and $1.07 lower than last year. In San Bernardino, the $2.84 average price is four cents higher than last week, ten cents higher than last month, and $1.11 lower than a year ago today.

“One major refinery in Northern California remains shut down, which has tightened supply statewide as more people return to work and resume their commutes,” said Auto Club spokesman Jeffrey Spring. “But gas price averages continue to be more than a dollar lower than this time last year and more than 60 cents lower than at the beginning of March when the pandemic began affecting gasoline demand.”

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on May 28, averages are:

May 28 chart

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