The average price of a gallon of self-serve regular gasoline in Los Angeles County rose two-tenths of a cent Friday to $4.58, one day after a six-day streak of increases totaling 4.1 cents ended with a decrease of six-tenths of a cent.
The average price is 3.3 cents more than one week ago, but 3.6 cents less than one month ago and $1.341 lower than one year ago, according to figures from the AAA and Oil Price Information Service. It has dropped $1.914 since rising to a record $6.494 on Oct. 5, 2022.
The Orange County average price dropped one-tenth of a cent to $4.513, the third consecutive decrease following a six-day streak of increases totaling 5.3 cents. It also dropped a half-cent Wednesday and 1.1 cents Thursday.
The Orange County average price is 2.2 cents more than one week ago, but 3.2 cents less than one month ago and $1.228 lower than one year ago. It has dropped $1.946 since rising to a record $6.459 on Oct. 5, 2022.
“Oil Price Information Service reported that wholesale gasoline prices spiked late last week after a couple of unplanned shutdowns at the Marathon Petroleum refinery in Carson and Wilmington,” said Doug Shupe, the Automobile Club of Southern California’s corporate communications manager.
“However, Los Angeles wholesale gasoline prices dropped somewhat on Tuesday and stayed steady Wednesday. Supply of summer-blend gasoline appears to be adequate for the next couple of weeks until gas stations can switch to selling the cheaper winter blend on Nov. 1.”
A four-day streak of increases to the national average price totaling 3.9 cents ended with a decrease of three-tenths of a cent to $3.209. It is 2.7 cents more than one week ago, but 4.4 cents less than one month ago and 45.4 cents lower than one year ago.
The national average price has dropped $1.807 since rising to a record $5.016 on June 14, 2022.