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 30th time in 33 days, decreasing 2.6 cents to $3.808.

The average price has dropped 49.4 cents over the past 33 days, including 1 cent on Monday, according to figures from the AAA and Oil Price Information Service.

The decreases follow a seven-day stretch of increases totaling 75.7 cents that pushed the average price to its highest amount since May 4, 2014.

The average price dropped for 26 consecutive days, had three days of increases totaling 10 cents from Wednesday through Friday in connection with rising wholesale prices, then resumed declining on Saturday, according to Allison Mac, a West Coast petroleum analyst for GasBuddy.com, which bills itself as the nation’s leading provider of retail fuel pricing information and data.

The average price is 1.9 cents more than one week ago but 47 cents less than one month ago and 6.8 cents lower than one year ago.

The Orange County average price also dropped for the 30th time in 33 days, decreasing 2.9 cents to $3.761. It has dropped 51.4 cents over the past 33 days, including 1.2 cents on Monday.

The decreases follow a seven-day stretch of increases totaling 77.8 cents that pushed the average price to its highest amount since May 6, 2014.

The Orange County average price dropped for 26 consecutive days, had three consecutive days of increases totaling 10.2 cents from Wednesday through Friday  in connection with rising wholesale prices, then resumed declining on Saturday.

The Orange County average price is 1 cent more than one week ago but 49.5 cents less than one month ago and 8.2 cents lower than one year ago.

—City News Service

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