The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Tuesday to its lowest amount since Dec. 30, 2024, decreasing 1.9 cents to $4.41, one day after rising a half-cent.
The average price is 2.3 cents less than one week ago, 22.7 cents lower than one month ago and 3 cents below what it was one year ago, according to figures from the AAA and Oil Price Information Service. It has dropped $2.084 since rising to a record $6.494 on Oct. 5, 2022.
The Orange County average price dropped to its lowest amount since Dec. 20, 2024, decreasing 1.1 cents to $4.295. It is 1.7 cents less than one week ago, 25.9 cents lower than one month ago and 9.1 cents below what it was one year ago.
The Orange County average price has dropped $2.164 since rising to a record $6.459 on Oct. 5, 2022.
The five-day streak of decreases to the national average price totaling 2.7 cents ended with an increase of three-tenths of a cent to $2.815. The streak of decreases followed back-to-back increases totaling 1.4 cents.
The national average price is 1.9 cents less than one week ago, 14.8 cents lower than one month ago and 24.9 cents below what it was one year ago, It has dropped $2.201 since rising to a record $5.016 on June 14, 2022.
“Another week, and motorists have been greeted with the sixth straight weekly decline in the national average price of gasoline as seasonality continues to drive trends at the pump,” 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 released Monday.
“While more states did see prices rise this week, most of those increases were in `price-cycling’ markets, where routine jumps often follow larger declines. Elsewhere, a majority of states saw prices inch lower again. I expect gas prices to bottom out in the weeks ahead before beginning their seasonal climb toward March.”