Photo credit: Alexander Nguyen
Photo credit: Alexander Nguyen

The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Tuesday for the 69th consecutive day, decreasing 1.4 cents to $3.003, its lowest amount since Oct. 6, 2010.

The average price has decreased 71.2 cents during the streak, including nine-tenths of a cent on Monday, according to figures from the AAA and Oil Price Information Service. The streak is the longest since a 91-day streak from Sept. 17-Dec. 16, 2008.

The average price is 8.8 cents less than one week ago, 25.3 cents lower than one month ago and 64.4 cents below what it was one year ago.

The Orange County average price dropped 1.2 cents Tuesday to $2.968, its lowest amount since Oct. 3, 2010.

The Orange County average price has decreased 36 of the past 37 days and is 8.1 cents less than one week ago, 24 cents lower than one month ago and 65.6 cents below what it was one year ago.

The dropping gas prices are the result of sufficient gasoline supplies, lower crude oil prices and the typical early December lowered demand, according to Jeffrey Spring, the corporate communications manager of the Automobile Club of Southern California.

—City News Service

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