The average price of a gallon of self-serve regular gasoline in Los Angeles County resumed dropping Tuesday, decreasing 1.3 cents to $4.862, one day after a six-day streak of decreases totaling 5.5 cents ended with an increase of three-tenths of a cent.
The average price is 6 cents less than one week ago and 53.5 cents lower than one year ago but 20.2 cents more than one month ago, according to figures from the AAA and the Oil Price Information Service.
The average price has dropped $1.632 since rising to a record $6.494 on Oct. 5, 2022.
The Orange County average price dropped for the ninth consecutive day, decreasing 1 cent to $4.80. It has dropped 8 cents over the past nine days, including three-tenths of a cent Monday.
The Orange County average price is 7.3 cents less than one week ago and 54.8 cents lower than one year ago but 17.4 cents more than one month ago. It has dropped $1.659 since rising to a record $6.459 on Oct. 5, 2022.
The national average price dropped for the ninth time in 10 days, decreasing 1.1 cents to $3.173. It has dropped 9.5 cents over the past 10 days, including a half-cent Monday. The national average price decreased two consecutive days, rose one-tenth of a cent April 7 and resumed dropping the next day.
The national average price is 7.3 cents less than one week ago and 46.1 cents lower than one year ago but 9.4 cents more than one month ago. It has dropped $1.843 since rising to a record $5.016 on June 14, 2022.
“After oil’s sharp drop over the last couple of weeks — driven by concerns over the impact of U.S. tariffs and OPEC+ restoring production faster than expected — gasoline prices have posted a notable weekly decline, with nearly every state seeing prices fall,” said Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations.
“While I do expect gas prices to continue trending lower, any abrupt change in the current tariff situation could eventually bring the decline to a halt. For now, the good news is that gas prices typically reach their yearly peak around April 10, so we may have already witnessed `peak pain’ at the pump for 2025.
“As refiners near the end of seasonal maintenance and supply begins to rise — and with the changeover to summer gasoline nearly complete — it’s increasingly likely that gas prices have already hit their high for the year.”