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Annenberg School of Communication and Journalism University of Southern California
Southern California

Gas Prices Continue Descent

California gas prices have continued to drop, but are still higher than 2011 averages.

California gas prices have droppped for nearly three weeks since reaching a record $4.671 on October 9, according to the AAA Fuel Gauge Report released Monday.

The continuing decline in prices is attributed to California's temporary supply issue of winter-blend gas, which typically is not sold until after October 31, according to the Automobile Club of Southern California.

Governor Jerry Brown directed the California Air Resources Board to increase the state's gasoline supply by releasing winter-blend gas early in October.

The price of gasoline in Los Angeles County dropped for the 20th consecutive day as well, falling 1.8 cents to $4.219.

The state's average has declined 50.7 cents a gallon to $4.164 since October 9, but prices are still much higher than last year.

On October 29, 2011, the price for a gallon of gas was 32.3 cents cheaper than reported on Monday. 

Analysts have blamed the record prices of gasoline on panic buying by traders over a feared shortage of fuel. 

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