The run of decreases to the average price of a gallon of self-serve regular gasoline in Los Angeles County was extended Monday to 16 in 17 days, but barely, as it fell one-tenth of a cent to $4.53.
The average price has dropped 19.9 cents over the past 17 days, including 1.1 cents on Sunday, according to figures from the AAA and the Oil Price Information Service. It decreased nine consecutive days, was unchanged last Monday and resumed dropping Tuesday.
The average price is 10.2 cents less than one week ago and 30.3 cents lower than one month ago, but 16.2 cents more than one year ago. It has dropped $1.964 since rising to a record $6.494 on Oct. 5, 2022.
The Orange County average price dropped for the 21st time in 22 days, falling two-tenths of a cent to $4.432. It has dropped 28.3 cents over the past 22 days, including 1.1 cents on Sunday.
The average price dropped five consecutive days, rose a half-cent Nov. 29 and resumed decreasing Nov. 30. The run began one day after the end of a 12-day streak of decreases totaling 13.9 cents.
The Orange County average price is 11.2 cents less than one week ago and 34.6 cents lower than one month ago, but 13.7 cents more than one year ago. It has dropped $2.027 since rising to a record $6.459 on Oct. 5, 2022.
The national average price dropped for the 11th time in 12 days, decreasing four-tenths of a cent to $2.906. It has dropped 9.3 cents over the past 12 days, including seven-tenths of a cent Sunday.
The national average price dropped seven consecutive days, was unchanged on Thursday and resumed dropping on Friday. The run began one day after the end of a 12-day streak of decreasing totaling 10.2 cents.
The national average price is 4.6 cents less than one week ago, 17 cents lower than one month ago and 11.7 cents below what is was one year ago. It has dropped $2.11 since rising to a record $5.016 on June 14, 2022.
“For the third straight week, the national average price of gasoline has fallen, once again setting a new multi-year low,” Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations, said in a statement.
“Just ahead of Christmas, the national average stands at its lowest level since March 12, 2021, delivering weekly savings of nearly $400 million compared to this time last year. Gas prices are now lower in a majority of states, and the good news is that the downward trend may continue into the closing innings of 2025, with further declines likely across much of the country.
“That’s being driven by refineries wrapping up maintenance and boosting output to near summer highs, increasing fuel supply, while additional oil production from OPEC has pressured crude prices lower as well.”