Photo credit: Alexander Nguyen
Photo credit: Alexander Nguyen

The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Saturday for the 39th consecutive day, decreasing .8 of a cent to $2.642.

The average price is 5.7 cents less than one week ago, 28.6 cents lower than one month ago and $1.216 below what it was one year ago, according to figures from the AAA and Oil Price Information Service.

The declines began immediately after the average price rose to its highest amount since Jan. 14.

The Orange County average price dropped for the 38th straight day, decreasing .7 of a cent to $2.613.

The Orange County average price is 6 cents less than one week ago, 30.5 cents lower than one month ago and $1.210 below what it was one year ago.

“There still appears to be some room for further price decreases since Los Angeles wholesale fuel prices have dropped by about 55 cents from their highest point in late June, but retail prices have dropped by only about 30 cents so far,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.

“If supply levels remain healthy, gas prices should continue their downward trend.”

—City News Service

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