The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Saturday for the 12th consecutive day, decreasing eight-tenths of a cent to $3.726.
The average price has dropped 3.5 cents over the past 12 days, including four-tenths of a cent on Friday, according to figures from the AAA and Oil Price Information Service. The streak of decreases is the longest since a 27-day streak from Nov. 25-Dec. 21.
The average price is 2.4 cents less than one week ago and 2.1 cents lower than one month ago, but 72.3 cents higher than one year ago. It has risen 57.6 cents since the start of the year.
The Orange County average price dropped Saturday for the 13th time in the past 14 days, decreasing seven-tenths of a cent to $3.686. It has dropped 4 cents over the past 14 days, including two-tenths of a cent on Friday.
The Orange County average price is 2.3 cents less than one week ago and 2.5 cents lower than one month ago, but 70.8 cents higher than one year ago. It has risen 57 cents since the start of the year.
“Oil industry analysts are now saying that lower than-expected gasoline demand in California this summer, coupled with excess supply, could drive down prices in coming weeks,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
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