The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Friday to its lowest amount since Feb. 20, decreasing eight-tenths of a cent to $2.957.
The average price has dropped 49 of the past 51 days, decreasing 59.5 cents, including eight-tenths of a cent on both Wednesday and Thursday, according to figures from the AAA and Oil Price Information Service.
The only times the average price did not drop in the past 51 days were Oct. 8, when it rose one-tenth of a cent, and Oct. 11, when it remained unchanged.
The average price is 4.1 cents less than a week ago, 21.7 cents lower than one month ago and 52.1 cents below what it was a year ago
The Orange County average price dropped Friday to its lowest amount since Feb. 19, decreasing seven-tenths of a cent to $2.908.
The Orange County average price has dropped 48 of the past 50 days, decreasing 58.5 cents, including seven-tenths of a cent on both Wednesday and Thursday.
The only times the Orange County average price did not drop over the past 49 days were Oct. 8, when it rose 1.1 cents, and Oct. 9, when it was unchanged.
The Orange County average price is 4.4 cents less than one week ago, 18.9 cents lower than one month ago and 54.7 cents below what it was one year ago.
“Starting just about this time last year, Southern California gas price went from steady drops to double-digit weekly plunges as supply increased dramatically,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
“However, because of the continued refinery outage in Torrance, dramatic price drops are unlikely in Southern California this fall unless demand or the price of oil drops significantly.”
—City News Service