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Gasoline prices drop at the pumps

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A couple of motorists pump gas in Burbank.

Photo by FLLewis

I filled up at a gas station in Burbank on Thursday. It was not as painful as it has been in weeks past – but it still hurt.  I pumped a little over eight gallons – at $4.039 a gallon – total $34.02.  That was a good deal, according to the latest gasoline figures released by the Automobile Club of Southern California.

In the AAA Weekend Gas Watch dated August 15, the average price of self-serve regular gasoline in the Los Angeles-Long Beach area is listed as $4.071.  Now, that’s 10.8 cents less than last week – 46 cents lower than a month ago, however, it is a $1.18 more a gallon than the average this time last year.

Gasoline prices have been on a slow decline for the past eight weeks. Auto Club spokesman Jeffrey Spring sees this as a positive. “Despite international turmoil over Russia’s incursion into Georgia, oil prices remain on a downward turn.”

Well, I am not convinced the few pennies we are now saving at the gas pumps are part of a serious trend. I have to see a bigger drop – like by a dollar or so before I become a believer.

More facts and figures on the AAA website.


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