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

The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped one-tenth of a cent Friday to $3.045, one day after a 35-day streak of decreases ended with an increase of one-tenth of a cent.

The average price is 3.4 cents less than one week ago, 41 cents lower than one month ago and 63.3 cents below what it was one year ago, according to figures from the AAA and Oil Price Information Service.

The Orange County average price was unchanged, remaining at $2.996, one day after a 34-day streak of decreases ended with an increase of 1.1 cents. The Orange County average price is 1.1 cents less than one week ago, 39.5 cents lower than one month ago and 64.7 cents below what it was one year ago.

“Los Angeles wholesale fuel prices have been rising over the last couple of weeks, leaving little room for retail prices to drop further,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.

“Local refineries must have enough stock of summer blend gasoline to sell at gas stations until Nov. 1 due to California air quality requirements. If that supply is tight or in doubt, prices won’t drop further until the supply situation is resolved.”

—City News Service

Leave a comment

Your email address will not be published.