The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped seven-tenths of a cent Friday to $2.927, the sixth decrease in seven days following a run of six increases in seven days.
The average price is 2.7 cents less than one week ago, 9.9 cents lower than one month ago and 29.8 cents below what it was one year ago, according to figures from the AAA and Oil Price Information Service.
The Orange County average price dropped a half-cent Friday to $2.893, the eighth consecutive decrease following a seven-day streak of increases.
The Orange County average price is 3.1 cents less than one week ago, 8.9 cents lower than one month ago and 28.8 cents below what it was one year ago thanks to a stretch of 54 decreases in 56 days immediately preceding the seven consecutive daily increases.
“The L.A. wholesale market seems to have settled down from last week, but retail prices really haven’t reflected the wholesale drop,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
—City News Service
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