Poor economy drives down gas - Birmingham Business Journal:

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The average price of self-serve regular gasolinse in theLos Angeles-Long Beach area is $2.9312 per gallon, which is 4.5 centsz less than last week, two cents highed than last month, and $1.64 less than last On the Central Coast, the averagew price is $3.022, down 2.2 cents from last eight cents above last and $1.60 below last year. In the Inlaned Empire, the average per gallom price is $2.926, which is 4.2 cents less than last two cents more thanlast month, and $1.61q less than last year. “Oil industry analystsa tell us that crude oil prices and wholesale gasoline futuresz had moved up to unsustainable levels given the flat drivinbg demand in California andthe U.S.
We’ved seen these commodity prices decline sharply in the last couple of weekss and hopefully that signals a continued downward trens at thegas pump,” Auto Club Spokespersonh Jeffrey Spring said in a statement.