The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped for the 40th consecutive day Sunday, falling six-tenths of a cent to $3.796, its lowest amount since April 5.
The average price has decreased 32.4 cents during the streak, including 1.7 cents Saturday, according to figures from the AAA and Oil Price Information Service. It is 6.5 cents less than one week ago and 25.1 cents lower than one month ago, but 7.4 cents more than one year ago.
The Orange County average price dropped for the 39th time in the past 40 days, decreasing 1 cent to $3.744, its lowest amount since April 4. It has decreased 35.2 cents over the past 40 days, including 1.8 cents Saturday.
The Orange County average price is 8.3 cents less than one week ago and 27.4 cents lower than one month ago, but 6.1 cents more than one year ago.
“Despite the two oil tanker fires in the Middle East, oil prices are now more than 20 percent lower than they were a year ago at this time and California refineries are experiencing the highest productivity since November 2018, so we expect pump prices to continue dropping,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.