The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Tuesday for the 52nd time in 53 days, decreasing 2 cents to $5.064, its lowest amount since July 28.
The average price has dropped $1.251 over the past 53 days, including seven-tenths of a cent Monday, according to figures from the AAA and Oil Price Information Service. It is 9 cents less than one week ago, 53.1 cents lower than one month ago and 23.2 cents cheaper than one year ago.
The average price has dropped $1.43 since rising to a record $6.494 on Oct. 5, 2022.
The average price dropped 43 consecutive days, rose one-tenth of a cent Nov. 12, then resumed decreasing the next day.
The Orange County average price dropped for the 21st time in 22 days, decreasing 2.1 cents to $4.913, its lowest amount since July 25. It has dropped 30.2 cents over the past 22 days, including three-tenths of a cent Monday.
The Orange County average price is 9.4 cents less than one week ago, 48.8 cents lower than one month ago and 27.7 cents cheaper than one year ago. It has dropped $1.546 since rising to a record $6.459 on Oct. 5, 2022.
The national average price dropped for the 54th consecutive day, falling 1.3 cents to $3.295. It has dropped 54 cents over the past 54 days, including a half-cent Monday. It is 5.8 cents less than one week ago, 25.9 cents lower than one month ago and 36.7 cents cheaper than one year ago.
The national average price has dropped $1.721 since rising to a record $5.016 on June 14, 2022.
“The fall in gas prices, largely seasonal due to weakening gasoline demand, could extend for another week or two, leading to potentially the lowest gas prices since 2021 by Christmas,” said Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations.