The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped two-tenths of a cent Saturday to $3.217, the seventh consecutive day it has changed by two-tenths of a cent or less.
The average price is four-tenths of a cent less than one week ago, 1.1 cents more than one month ago, and 56.2 cents cheaper than one year ago, according to figures from the AAA and Oil Price Information Service.
The Orange County average price remained the same Saturday at $3.189. It is 1.4 cents less than one week ago, six-tenths of a cent lower than one month ago, and 55.6 cents cheaper than one year ago.
“Oil Price Information Service reported that West Coast refinery utilization rates were at their highest levels in nearly six months and gasoline inventories are up as well, which has lowered wholesale prices,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
“However, the pandemic and drop in business at gas stations seems to have made them more reluctant to lower prices even when their own costs drop.”