Gas Prices Continue to Fall

Though gas prices continued to decline for the fourth straight week, motorists are still paying record prices for this time of year, with current gas prices in Palos Verdes around $3.65 at some stations, according to GasBuddy.com and the Automobile Club of Southern California’s Weekend Gas Watch.

The Weekend Gas Watch monitors the average price of gasoline.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.816 per gallon, which is 5.9 cents lower than last week, 14.3 cents lower than last month, and 83 cents higher than last year.

In San Diego, the price is $3.806, a decrease of 5.9 cents from last week, 15.6 cents below last month, and 80 cents higher than last year.

On the Central Coast, the average price is $3.857, down 5.6 cents from last week, 11.3 cents lower than a month ago, and 81 cents above last year.

In the Inland Empire, the average per gallon price is $3.795, down 6.1 cents from last week, 13.9 cents lower than last month, and 82 cents more than last year.

“Even with these price declines, 2011 is on track to become the record overall year for gas prices, despite the fact that we never got near the all-time record $4.60 pump prices of 2008,” said Auto Club spokesperson Jeffrey Spring. “The year-to-date average price motorists have paid in California is $3.84 a gallon for regular unleaded. Gas prices would have to average $2.44 a gallon between now and the end of the year for the yearlong average price to drop below the California annual record of $3.52 reached during 2008.”

The stations currently selling the cheapest gas in the Palos Verdes area are listed below. Local prices are according to GasBuddy.com and reflect prices reported within the last 24 hours.

• Regular: $3.65
• Premium: $3.85

• Regular: $3.69
• Premium: $3.93

• Regular: $3.83
• Premium: $4.05

• Regular: $3.89
• Premium: $4.09