The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Friday for the fourth day in a row decreasing 1.3 cents to $4.756.
The average price is 2.4 cents less than one week ago, 9.9 cents less than one month ago and 22 cents less than one year ago, according to figures from the AAA and Oil Price Information Service. It has dropped $1.738 since rising to a record $6.494 on Oct. 5, 2022.
The Orange County average price dropped 1.7 cents to $4.67, a day after decreasing six-tenths of a cent. It has dropped 3 cents over the past three days.
It is 2.8 cents less than one week ago, 7 cents less than one month ago and 25.2 cents lower than one year ago. It has dropped $1.789 since rising to a record $6.459 on Oct. 5, 2022.
The national average price dropped six-tenths of a cent to $3.538, a day after it rose six-tenths of a cent.
It is 2.4 cents more than one week ago and 8.4 cents more than one month ago, but three-tenths of a cent less than one year ago. The national average price has dropped $1.478 since rising to a record $5.016 on June 14, 2022.
“We have seen a few weeks of steady gas prices after more than two months of price drops, reflecting stability in supply and demand,” said Doug Shupe, the Automobile Club of Southern California’s corporate communications manager.
“According to Oil Price Information Service, California refinery production of gasoline for vehicles fell sharply last week, but prices do not seem to be affected so far.”