Gas Prices Fell Last Week in Los Angeles, But Are Over $1 More Per Gallon than a Year Ago
The pace of declines is certainly slowing down as oil prices have bounced up slightly
August 26, 2022
August 22, 2022 - Average gasoline prices in Los Angeles have fallen 5.7 cents per gallon in the last week, averaging $5.28/g today, according to GasBuddy's survey of 2,135 stations in Los Angeles. Prices in Los Angeles are 52.2 cents per gallon lower than a month ago and stand 92.0 cents per gallon higher than a year ago. The national average price of diesel has declined 6.3 cents in the last week and stands at $4.97 per gallon.
According to GasBuddy price reports, the cheapest station in Los Angeles was priced at $4.59/g yesterday while the most expensive was $6.89/g, a difference of $2.30/g. The lowest price in the state yesterday was $4.42/g while the highest was $6.99/g, a difference of $2.57/g.
The national average price of gasoline has fallen 5.1 cents per gallon in the last week, averaging $3.86/g today. The national average is down 51.3 cents per gallon from a month ago and stands 72.2 cents per gallon higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
Historical gasoline prices in Los Angeles and the national average going back ten years:
August 22, 2021: $4.36/g (U.S. Average: $3.14/g)
August 22, 2020: $3.20/g (U.S. Average: $2.18/g)
August 22, 2019: $3.56/g (U.S. Average: $2.60/g)
August 22, 2018: $3.61/g (U.S. Average: $2.82/g)
August 22, 2017: $3.02/g (U.S. Average: $2.34/g)
August 22, 2016: $2.70/g (U.S. Average: $2.17/g)
August 22, 2015: $3.72/g (U.S. Average: $2.62/g)
August 22, 2014: $3.85/g (U.S. Average: $3.43/g)
August 22, 2013: $3.84/g (U.S. Average: $3.52/g)
August 22, 2012: $4.12/g (U.S. Average: $3.71/g)
Neighboring areas and their current gas prices:
Riverside- $5.15/g, down 6.5 cents per gallon from last week's $5.22/g.
Orange County- $5.25/g, down 3.6 cents per gallon from last week's $5.28/g.
Ventura- $5.40/g, down 0.8 cents per gallon from last week's $5.41/g.
"While some areas saw gas prices rise slightly last week, the national average saw yet another weekly decline, extending the streak to ten straight weeks. The pace of declines is certainly slowing down as oil prices have bounced up slightly, but the West Coast and Northeastern U.S. are areas that still may see gas prices decline, while the South and Midwest see the drop fade and potentially slight increases," said Patrick De Haan, head of petroleum analysis at GasBuddy. "In addition to falling gasoline prices, the average price of diesel has fallen below $5 per gallon for the first time since March, likely helping to cool off aggressive inflation numbers. Thus far, Mother Nature has spared us from disruptions from hurricanes, but that remains a wildcard as we head into the peak of hurricane season."
GasBuddy is the authoritative voice for gas prices and the only source for station-level data. GasBuddy's survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://prices.GasBuddy.com.