Diesel gas pump
Diesel gas pump. Photo credit: Alexander Nguyen

A 34-day streak of increases ended Friday when the average price of a gallon of self-serve regular gasoline in Los Angeles County dropped four-tenths of a cent.

The average price increased $1.078 during the streak, including two- tenths of a cent on Thursday, to its highest amount since Oct. 18, according to figures from the AAA and Oil Price Information Service.

The streak of increases was the longest since a 36-day streak from Feb. 9-March 16, 2011.

Despite Friday’s slight decrease, the average price of $3.533 is 13.7 cents more than one week ago and 93.3 cents higher than one month ago. However, it is 43 cents less than one year ago thanks to 24 days of decreases in the 25 days immediately before the current string of increases began.

The Orange County average price also dropped four-tenths of a cent, one day after a 33-day streak of increases ended when it remained unchanged from the previous day.

The Orange County average price of $3.518 is 13.1 cents higher than one week ago and 92.9 cents more than one month ago, but 44.5 cents less than one year ago.

The end of the rising pump prices follows a 45-cent drop in wholesale prices since last week, according to Jeffrey Spring, the corporate communications manager of the Automobile Club of Southern California.

—City News Service

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