A 36-day streak of increases ended Saturday when the average price of a gallon of self-serve regular gasoline in Los Angeles County dropped three-tenths of a cent to $2.88.
The average price rose 52.2 cents during the longest streak of increases in five years, including four-tenths of a cent on Friday, according to figures from the AAA and Oil Price Information Service.
The streak of increases was the longest since another 36-day streak from Feb. 9-March 16, 2011.
Despite today’s slight decrease, the average price is 2.2 cents higher than one week ago and 31.2 cents greater than one month ago. However, it is 34.3 cents less than one year ago, after dropping 71.4 cents during the stretch of 49 decreases in 50 days that immediately preceded the increases.
The average price dropped to its lowest amount since May 6, 2009, before the increases began on Feb. 26.
The Orange County average price dropped two-tenths of a cent to $2.872 after rising 35 of the previous 36 days. It had risen 24 consecutive days, decreased one-tenth of a cent on March 21, then resumed increasing the next day.
The Orange County average price rose 52.8 cents over the previous 36 days, including a half-cent on Friday. It is 2.8 cents higher than one week ago and 32.9 cents greater than one month ago.
However, it is 30.8 cents less than one year ago after dropping 72.3 cents during the stretch of 49 decreases in 50 days that immediately preceded the increases, falling to its lowest amount since May 5, 2009.
—Staff and wire reports
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