A 23-day streak of decreases in the average price of a gallon of self-serve regular gasoline in Los Angeles County ended Thursday with an increase of one-tenth of a cent to $2.461.
The average price dropped 22.4 cents during the streak, including a half- cent on Monday and again on Tuesday and ON Wednesday, to its lowest amount since May 14, 2009, according to figures from the AAA and Oil Price Information Service.
The increase was the fourth over the past 120 days. The other three came from Jan. 2-4 in connection with the Jan. 1 start of gasoline being covered under the Cap-and-Trade Program, which requires fuel suppliers to reduce greenhouse gas emissions by supplying low-carbon fuels or purchasing pollution permits to cover the greenhouse gases produced when the conventional petroleum- based fuel they supply is burned.
The Cap-and-Trade Program is among the provisions of the Global Warming Solutions Act of 2006, approved by the Legislature and signed into law by then- Gov. Arnold Schwarzenegger.
The average price is 3.6 cents less than one week ago, 22.3 cents lower than one month ago and $1.146 below what it was one year ago.
The Orange County average price dropped one-tenth of a cent to $2.433, its lowest amount since May 12, 2009. The decrease was the third in a row after a 19-day streak of decreases ended Monday when it was unchanged.
The Orange County average price is 3.3 cents less than one week ago, 21.6 cents lower than one month ago and $1.165 below what it was one year ago.
— City News Service