The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Friday for the fourth consecutive day following a run of seven increases in eight days totaling 3.5 cents, decreasing two-tenths of a cent to $4.722.
The average price has dropped 1.9 cents over the past four days, including three-tenths of a cent Thursday, according to figures from the AAA and Oil Price Information Service. It is 1 cent less than one week ago but 13.2 cents more than one month ago and 16.1 cents higher than one year ago.
The average price has dropped $1.771 since rising to a record $6.493 on Oct. 5, 2022.
The Orange County average price dropped for the eighth time in nine days, decreasing three-tenths of a cent to $4.692. It has dropped 2.4 cents over the past nine days, including a half-cent Thursday.
The run of decreases follows 27 increases in 28 days totaling 27.4 cents that boosted the Orange County average price to its highest amount since May 24.
The Orange County average price is 1.6 cents less than one week ago but 13.4 cents more than one month ago and 19.8 cents higher than one year ago. It has dropped $1.766 since rising to a record $6.458 on Oct. 5, 2022.
“It’s unclear whether the upward trend for gas prices is over, because wholesale Los Angeles gasoline prices have risen slightly in recent days,” Doug Shupe, the Automobile Club of Southern California’s corporate communications manager, said in a statement Thursday.
The national average price dropped for the seventh time in seven days, decreasing nine-tenths of a cent to $3.148. It has dropped 5.5 cents over the past eight days, including six-tenths of a cent Thursday. The national average price decreased three consecutive days, rose one-tenth of a cent Monday then resumed dropping Tuesday.
The national average price is 5.1 cents less than one week ago, 3.8 cents lower than one month ago and 7.2 cents below what it was one year ago. It has dropped $1.868 since rising to a record $5.016 on June 14, 2022.