The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Saturday to its lowest amount since April 16, decreasing 1.1 cents to $3.144.
The average price has dropped 42 of the past 43 days, decreasing 74.5 cents, including 1 cent on Friday, according to figures from the AAA and Oil Price Information Service.
The average price is 8.9 cents less than one week ago, 50.6 cents lower than one month ago and 58.4 cents below what it was one year ago.
The Orange County average price dropped today to its lowest amount since Feb. 23, decreasing eight-tenths of a cent to $3.069.
The Orange County average price has also dropped 42 of the past 43 days, decreasing 76.6 cents, including 1.1 cents on Friday. It is 8.9 cents less than one week ago, 52.6 cents lower than one month ago and 62.7 cents below what it was one year ago.
“The damaged ExxonMobil refinery in Torrance is reportedly not going to be operational again until at least February 2016,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
“At the moment, the other Southern California refineries are making up the shortfall and prices are continuing to drop as they traditionally do in the fall months, but potential for price volatility still exists with the uncertain supply situation.”
—Staff and wire reports
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