The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Monday for the 20th time in 21 days, decreasing a half-cent to $5.91, its lowest amount since March 23.
The average price has fallen 30.4 cents over the past 21 days, including 1.1 cents Sunday, according to figures from the AAA and Oil Price Information Service. It dropped six consecutive days, rose two-tenths of a cent May 25 and resumed decreasing May 26.
The average price is 16.2 cents less than one week ago and 32.6 cents lower than one month ago, but $1.215 more than one year ago.
The Orange County average price dropped for the 25th time in 26 days, falling nine-tenths of a cent to $5.784, its lowest amount since March 21. It has dropped 40.8 cents over the past 26 days, including 1.5 cents Sunday.
The Orange County average price dropped three consecutive days, rose one-tenth of a cent May 17 and resumed dropping May 18. It is 19.9 cents less than one week ago and 41.7 cents lower than one month ago but $1.178 more than one year ago.
The national average price dropped for the 18th consecutive day, falling 1 cent to $4.164, its lowest amount since April 27. It has dropped 40 cents over the past 18 days, including 1.7 cents Sunday.
The national average price is 15.8 cents less than one week ago and 38.2 cents lower than one month ago, but $1.038 more than one year ago.
“Average gasoline prices declined in virtually every state over the last week as oil prices continued to fall, with crude approaching $90 per barrel and refiners ramping up output following seasonal maintenance,” 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.
“The combination of lower oil costs and improving refinery runs has kept downward pressure on pump prices, giving motorists a welcome reprieve. However, the future of prices remains murky. With the Strait of Hormuz remaining effectively closed, global oil supplies continue to tighten, and any further deterioration in the situation could send prices sharply higher.
“For now, motorists may enjoy the savings at the pump, but the risk of a significant reversal has not gone away.”