Photo credit: Alexander Nguyen
Photo credit: Alexander Nguyen

The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Monday for the 25th consecutive day, decreasing three-tenths of a cent to $3.253.

The average price has dropped 28.4 cents over the past 25 days, including seven-tenths of a cent on Sunday, according to figures from the AAA and Oil Price Information Service. It rose $1.078 during a 34-day streak of increases immediately preceding the current run of price drops.

The average price is 6.8 cents less than one week ago, 22 cents lower than one month ago and 81.5 cents below what it was one year ago.

The Orange County average price also dropped for the 25th consecutive day today, decreasing a half-cent to $3.212. It is 8 cents less than one week ago, 24.9 cents lower than one month ago and 83.8 cents below what it was one year ago.

The Orange County average price has dropped 31 cents over the past 25 days, including a half-cent on Sunday. It rose $1.09 during a 33-day streak of increases that ended one day before the current streak of declines began.

The dropping pump prices are the result of stabilized wholesale gasoline prices and dropping oil prices, according to Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.

— City News Service

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