(March 13, 2007) -- AAA reports that the average credit card price for regular unleaded gasioline was $3.074 per gallon in the L.A.-LB area as of the end of the day March 12.
A month ago, it was nearly 40 cents a gallon less: $2.618 per gallon...and a year ago, it was $2.606 per gallon.
Retail gasoline prices dipped to closer to $2.00 a gallon in the period leading up to the Nov. 2006 election in which one of the measures on the CA ballot was a proposed tax on gasoline. Amid an opposition campaign funded by industry-related interests, CA voters rejected the measure...and since then retail gasoline prices have risen again.
Other gasoline grades averages: midgrade: $3.272; premium: $3.3326; diesel $3.063.
The all time daily high for regular unleaded gasoline in this market was $3.402 recorded on May 14, 2006.