Press Release

Auto Club: Halloween Treat -- Gas Prices Continue Free-Fall

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Posted 31 October 2008 @ 02:01 am ET

LOS ANGELES, CA -- (Marketwire) -- 10/31/08 -- For the first time in nearly a year, manySouthern California regions are now reporting an average price for regulargasoline at under $3 per gallon with others teetering on the edge as pricescontinue to plummet, according to the Automobile Club of SouthernCalifornia's Weekend Gas Watch.

The average price of self-serve regular gasoline in the Los Angeles-LongBeach area is $3.019 per gallon, which is 20.4 cents less than last week,59 cents lower than last month, and 12 cents under last year. In San Diego,the price is $2.949, which is 23.7 cents under last week's price, 66 centsbelow last month, and 23 cents lower than last year. On the Central Coast,the average price is $3.085, down 20.1 cents from last week, 62 cents belowlast month, and 20 cents below last year. In the Inland Empire, the averageper gallon price is $2.960, which is 25.1 cents under last week, down 65cents from last month, and 18 cents less than last year.

"For the last two weeks, we've seen drops of 3-4 cents per day," said AutoClub spokesperson Jeffrey Spring. "The downward pace has certainlyaccelerated, and it's difficult to tell when or where it will stop."

The Weekend Gas Watch monitors the average price of gasoline as of 12:01a.m. Oct. 31:

One-weekArea Regular change Record Price---- ------- ----------- ----------------Los Angeles - Long Beach $3.019 -20.4 cents $4.626 (6/21/08)Orange County $2.973 -23.1 cents $4.598 (6/19/08)San Diego $2.949 -23.7 cents $4.630 (6/19/08)Santa Barbara - Santa Maria - Lompoc $3.085 -20.1 cents $4.709 (6/21/08)Riverside - San Bernardino $2.960 -25.1 cents $4.614 (6/22/08)Bakersfield $2.967 -23.9 cents $4.591 (6/24/08)Las Vegas, NV $2.781 -27.3 cents $4.279 (6/21/08)

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Contact:Jeffrey Spring/Marie Montgomery(714) 885-2333


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