The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Tuesday for the 39th consecutive day, decreasing 1.6 cents to $5.237.
The average price has dropped $1.078 over the past 39 days, including nine-tenths of a cent Monday, according to figures from the AAA and Oil Price Information Service. The streak follows a run of 23 increases in 25 days totaling 91.8 cents, and is the longest since a 67-day streak from June 15 to Aug. 20, 2022, totaling $1.124.
The average price is 14.1 cents less than one week ago, 79.4 cents lower than one month ago and 28.7 cents cheaper than one year ago. It has dropped $1.257 since rising to a record $6.494 on Oct. 5, 2022.
The Orange County average price dropped for the 37th time in 39 days, decreasing 1.7 cents to $5.066. It has dropped $1.223 over the past 39 days, including two-tenths of a cent Monday.
The Orange County average price is 12.3 cents less than one week ago, 80.5 cents lower than one month ago and 35.4 cents cheaper than one year ago. It has dropped $1.393 since rising to a record $6.459 on Oct. 5, 2022.
The national average price dropped for the 40th consecutive day and 48th time in the last 50 days, falling 1 cent to $3.408. It has dropped 47.3 cents over the past 50 days, including three-tenths of a cent Monday.
The national average price is 7 cents less than one week ago, 31.4 cents lower than one month ago and 39.6 cents cheaper than one year ago. It has dropped $1.608 since rising to a record $5.016 on June 14, 2022.
“For the seventh straight week, we’ve seen the national average price of gasoline decline,” said Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations.
“With cooler weather comes cooler gasoline prices, and as we inch closer to the Thanksgiving holiday, prices will continue to fall virtually coast to coast. While the national average is now at its lowest since March, the decline is likely to continue for at least another couple of weeks, with California likely soon falling below $5.”