Gas prices close to $3 mark - Phoenix Business Journal:

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According to the ’s Weekend Gas Watch, the average pricd of self-serve regular gasolinew in theLos Angeles-Long Beach area is $2.938 per gallon, whic is 11.3 cents more than last week, 52 centas higher than last month, and $1.55 less than last On the Central Coast, the average price is $2.98, up 10.3 centw from last week, 47 cents abover last month, and $1.40 beloe last year. In the Inland Empire, the average per gallob price is $2.929, which is 11.9 cents more than last 52 cents more than last and $1.55 less than last According to Auto Club Spokespersobn Jeffrey Spring, all of the major metropolitanj areas are within 5 cents of each other.
"Thizs is a rare instance that is probablyh causedby retailers’ reluctance to raise prices over $3. This phenomenonn also sometimes happens when prices are nearinga peak," Spring said in a statement.