Business & Tech

Bad News for Local Businesses: Gas Prices Remain Stagnant

Gas prices, which are high for this time of year, haven't moved much in the past week, and it's affecting spending habits.

Stagnant and high gas prices are hurting local businesses.

The average price of a gallon of self-serve regular gasoline in Orange County was unchanged for the third consecutive day, remaining at $3.843, the same as a week ago, but 6.6 cents more than a month ago and 73.9 cents higher than one year ago.

Local gas prices hovered at the same high levels over the past week, inching up very slightly in most areas, according to the Automobile Club of Southern California’s Weekend Gas Watch.

“We just polled Auto Club members about the effects of high gas prices, and 70 percent say the prices are currently having a significant effect on their budgets,” said Auto Club spokesperson Jeffrey Spring. “Within that 70 percent of Southern Californians, 80 percent have reduced their driving, 60 percent have cut back on restaurant meals and 49 percent are putting less money into savings. The poll found that gas prices are also affecting holiday shopping and travel plans.”

Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.

 

The stations currently selling the cheapest gas in the neighborhood are listed below. Local prices are according to GasBuddy.com and reflect prices reported within the last 24 hours.

Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.

Chevron at 4000 Lampson Ave. & Basswood Street

  • Regular—$3.83
  • Premium—$4.07

76 at 12071 Seal Beach Blvd & Bradbury Rd

  • Regular—$3.85
  • Premium—$4.05

Shell at 10961 Los Alamitos Blvd & Katella Ave

  •  Regular—$3.85
  • Premium—$4.05

Click here for more prices in the region. If you’re planning a trip, click here and plug in your travel plans to find out how much it will cost.

City News Service Contributed to this report.


Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

We’ve removed the ability to reply as we work to make improvements. Learn more here