The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Friday for the 36th consecutive day, decreasing 1.4 cents to $3.163.
The average price has dropped 37.4 cents over the past 36 days, including nine-tenths of a cent on Thursday, according to figures from the AAA and Oil Price Information Service. The streak of price drops was preceded by 34 days of increases, when the price rose $1.078.
The average price is 4.9 cents less than one week ago, 34.6 cents lower than one month ago and 98.8 cents below what it was one year ago.
The Orange County average price also dropped for the 36th consecutive day Friday, decreasing 1.1 cents to $3.122. It is 4.9 cents less than one week ago, 36.5 cents lower than one month ago and $1.012 below what it was one year ago.
The Orange County average price has dropped 40 cents over the past 36 days, including 1.2 cents on Thursday. It rose $1.09 during a 33-day streak of increases that ended one day before the current run of declines began.
The streak of dropping prices is the longest in Orange County since a 47- day streak from Sept. 18-Nov. 3, 2013.
“Southern California supplies are stable despite the temporary shutdown of the ExxonMobil refinery in Torrance, which is closed while repairs are being made from a February explosion,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
“Oil industry analysts report that most local refinery maintenance has been completed, reducing the risk of further incidents that would lead to another price spike this spring.”
—City News Service