Gas station
Gas Price at Shell Station - Photo courtesy of MNLA staff

The average price of a gallon of self-serve regular gasoline in Los Angeles County decreased Friday for the 10th consecutive day and 11th time in 12 days, dropping 1.4 cents to $6.372.

The average price has dropped 8.8 cents over the past 12 days, including nine-tenths of a cent Thursday, according to figures from the AAA and the Oil Price Information Service. The run of dropping prices follows an 18-day streak of increases totaling 36.9 cents.

The average price is 7.2 cents less than one week ago but 27.5 cents more than one month ago and $2.098 higher than one year ago.

The Orange County average price also decreased for the 10th consecutive day and 11th time in 12 days, dropping 1.5 cents to $6.295. It has decreased 11.5 cents over the past 12 days, including 1.5 cents Thursday. The run of dropping prices follows an 17-day streak of increases totaling 35.1 cents.

The Orange County average price is 9 cents less than one week ago but 22.5 cents more than one month ago and $2.061 higher than one year ago.

“The state’s refineries produced more California-blend gasoline last week than in any other week since January of this year, according to the California Energy Commission,” said Doug Shupe, the Automobile Club of Southern California’s corporate communications manager. “At the same time, Oil Price Information Service says concerns about the U.S. economy are pushing down oil and wholesale gasoline prices.”

The national average price dropped for the 10th consecutive day following an 18-day streak of increases, decreasing 1.4 cents to $4.926. It has dropped 9 cents over the past 10 days, including 1.5 cents Thursday.

The national average price rose 41.5 cents during the 18-day streak of increases. It is 7.4 cents less than one week ago but 32.8 cents more than one month ago and $1.848 higher than one year ago.

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