The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Tuesday to its lowest amount since Sept. 23, 2021, decreasing six-tenths of a cent to $4.401.
The average price has dropped nine of the past 10 days, decreasing 5.1 cents, including one-tenth of a cent both Sunday and Monday, according to figures from the AAA and Oil Price Information Service. It dropped six-tenths of a cent Dec. 1, was unchanged Dec. 2 and resumed decreasing last Tuesday.
The average price is 3.9 cents less than one week ago, 10.2 cents lower than one month ago and 43.2 cents below what it was one year ago. It has dropped $2.093 since rising to a record $6.494 on Oct. 5, 2022.
The Orange County average price dropped to its lowest amount since Dec. 23, 2022, decreasing three-tenths of a cent to $4.325. It has also dropped nine of the past 10 days, decreasing 4.7 cents, including one-tenth of a cent both Sunday and Monday.
The Orange County average price dropped a half-cent Dec. 1, rose four-tenths of a cent Dec. 2 and resumed decreasing last Tuesday. It is 3.1 cents less than one week ago, 8.7 cents lower than one month ago and 33.7 cents below what it was one year ago.
The Orange County average price has dropped $2.134 since rising to a record $6.459 on Oct. 5, 2022.
The national average price resumed dropping, decreasing seven-tenths of a cent to $3.011, one day after an 11-day streak of decreases totaling 5.5 cents ended when it remained unchanged. It is 2.6 cents less than one week ago, 7.4 cents lower than one month ago and 14.7 cents below what it was one year ago.
The national average price has dropped $2.005 since rising to a record $5.016 on June 14, 2022.
“With average gas prices in 35 states and nearly 110,000 stations below $3 per gallon, Americans are putting in just 5.44 minutes of work to buy a gallon, the fewest minutes of work needed (excluding the pandemic) since 2015, when Americans needed to do just 5.25 minutes of work to buy a gallon,” said Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations.
“The good news is that we’ll likely continue to see additional downward pressure on gas prices, with the national average potentially falling another 10 to 15 cents by Christmas.”