The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped under $3 Friday for the first time since Feb. 21, decreasing 1.1 cents to $2.998.
The average price has dropped 42 of the past 44 days, decreasing 55.4 cents, including nine-tenths of a cent on Thursday, according to the AAA and Oil Price Information Service. The only times the average price failed to drop over the past 44 days were Oct. 8, when it rose one-tenth of a cent, and Sunday, when it was unchanged.
The average price is 4.7 cents less than a week ago, 29.7 cents lower than one month ago and 58.9 cents below what it was a year ago
The Orange County average price dropped Friday to its lowest amount since Feb. 20, decreasing 1.1 cents to $2.952.
The Orange County average price has dropped 41 of the past 43 days, decreasing 54.1 cents, including nine-tenths of a cent on Thursday. The only times the Orange County average price failed to drop over the past 43 days were Oct. 8, when it rose 1.1 cents, and last Friday, when it was unchanged.
The Orange County average price is 4.4 cents less than one week ago, 27.8 cents lower than one month ago and 61.1 cents below what it was one year ago.
“We’re experiencing relatively small gas price drops right now because of the still-volatile situation with Southern California supply,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
“Once the winter blend of gasoline begins to be sold at gas pumps on Nov. 1, we could see further price declines because winter blend is cheaper to produce.”
—City News Service