The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped a half-cent Tuesday to $4.779, a day after it rose three-tenths of a cent.
The average price is one-tenth of a cent more than one week ago, but 11.8 cents less than one month ago and 17.8 cents less than one year ago, according to figures from the AAA and Oil Price Information Service. It has dropped $1.715 since rising to a record $6.494 on Oct. 5, 2022.
The Orange County average price was unchanged for the second day in a row at $4.70. It is 1.4 cents more than one week ago, but 8.8 cents less than one month ago and 20.1 cents lower than one year ago. It has dropped $1.759 since rising to a record $6.459 on Oct. 5, 2022.
The national average price rose 1.3 cents to $3.519, a day after it was unchanged.
It is 1.8 cents more than one week ago and 7 cents more than one month ago, but 1.9 cents less than one year ago. The national average price has dropped $1.497 since rising to a record $5.016 on June 14, 2022.
“The national average price of gasoline has nudged higher over the last week as oil prices have continued to push toward multi-month highs,” said Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations.
“While it looks like this recent rise could be restrained for now, Hurricane Beryl is a stark reminder that hurricane season could play a role in prices in the weeks ahead.
“For now, we’ll likely continue to see some fluctuations in either direction with the national average moving up, but as we approach August and the peak of hurricane season, there remains a risk that the national average could surge temporarily if we see a major storm in the wrong place.”