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Gas prices still declining in Santa Clarita Valley

Posted: June 18, 2012 6:14 p.m.
Updated: June 18, 2012 6:14 p.m.
 


Gas prices in the Santa Clarita Valley and throughout California are continuing to decline, with many stations throughout the valley selling regular gas for less than $4 a gallon as of Monday afternoon, according to information from gasoline price-tracking website gasbuddy.com

Gas prices ranged from a high of $4.25 a gallon to as low as $3.79 at two membership-only stores Monday - a drop from prices just 10 days ago. Gas prices in the SCV ranged from $4.35 a gallon to $3.93 a gallon on June 7.

Santa Clarita Valley's drop in gas prices mirrors the rapid decline in gas prices throughout California during the past few weeks. The price for an average gallon of gas in California went down from $4.16 a gallon a week ago to $4.03 a gallon Monday - a decline of about 13 cents, according to information released by the United States Energy Information Administration on Monday.

The average price for gasoline throughout the country dropped about 4 cents during the same time frame, with prices averaging $3.53 a gallon, according to the U.S. Energy Information Administration.

California hasn't caught up to the drop in prices throughout the rest of the nation, according to Marie Montgomery, a spokeswoman from Automobile Club of Southern California.

"We experienced a sharp drop in wholesale prices at the end of May, and from what I can tell, California prices haven't caught up to it yet," Montgomery said.

During the past two weeks, the Auto Club has tracked declines of about two cents a day throughout California, but that sharp drop may be slowing, Montgomery said.


She said average prices dropped only about a cent from Sunday to Monday and some states are starting to see their prices rise.

If average prices drop below $4 a gallon, Montgomery said, it would be the first time since February.

She said 2012 has been a strange year as far as gas prices go, with prices spiking in February and again in May.

"We had two huge spikes already this year, and usually it's just a steady increase until May," Montgomery said.

kjonas@the-signal.com
661-287-5517

 

 

 

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