Gas Price - Photo courtesy of MNLA staff

The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Wednesday for the 29th consecutive day and 30th time in 31 days, decreasing 2.7 cents to $6.096, its lowest amount since May 27.

The average price has dropped 36.4 cents over the past 31 days, including 2.5 cents Tuesday, 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 16.8 cents less than one week ago and 36.3 cents lower than one month ago but $1.755 more than one year ago.

The Orange County average price also decreased for the 29th consecutive day and 30th time in 31 days, dropping 4 cents to $5.99, its lowest amount since May 16. It has decreased 42 cents over the past 31 days, including 2.9 cents Tuesday. The run of dropping prices follows a 17-day streak of increases totaling 35.1 cents.

The Orange County average price is 18 cents less than one week ago and 41.8 cents lower than one month ago but $1.689 more than one year ago.

“Usually, more people buying gas would lead to higher pump prices,” said Andrew Gross, an AAA national public relations manager. “But the price for oil, the main ingredient in gasoline, has fallen and is hovering around $100 a barrel. Less expensive oil usually means less expensive gas.”

The national average price dropped for the 29th consecutive day following an 18-day streak of increases, decreasing 2.4 cents to $4.631. It has dropped 38.5 cents over the past 29 days, after rising 41.5 cents during the 18-day streak of increases.

The national average price is 14.8 cents less than one week ago and 38.3 cents lower than one month ago but $1.485 more than one year ago.

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