The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped 3.4 cents Saturday to $5.837, its lowest amount since Sept. 3.
The average price has fallen 35 times in the last 37 days. It is 14.6 cents less than one week ago and 55.8 cents less than one month ago, but 97.2 cents more than one year ago, according to figures from the AAA and Oil Price Information Service. It has risen $1.143 since the start of the joint U.S./Israel war on Iran on Feb. 28, which sent oil prices higher and drastically accelerated increases at the gas pump.
The Orange County average price dropped 4.5 cents to $5.705, its lowest amount since Aug. 29. It has fallen 36 times in the last 37 days and is 15.9 cents less than one week ago and 63 cents less than one month ago, but 87.5 cents more than one year ago. The Orange County average price has increased $1.069 since the start of the war on Iran.
“After rising in the last week of October, oil prices dropped significantly on Wednesday to well below $100 a gallon, their lowest levels since May, and that could put further downward pressure on pump prices if those oil prices stay lower,” Kandace Redd, the Automobile Club of Southern California’s senior public affairs specialist, said in a statement released Thursday.
The national average price dropped for the 14th consecutive day, falling 3.1 cents to $4.037, its lowest amount since Aug. 12. The national average price is 14.6 cents less than one week ago and 32.9 cents less than one month ago, but 95.8 cents more than one year ago. It has increased $1.055 since the attack on Iran.
Despite the recent decline, the national average price remains the highest it’s ever been during this time of year.