The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Friday to its lowest amount since Jan. 4, 2018, decreasing 1.9 cents to $3.169.
The average price has dropped 26 consecutive days and 29 of the past 30, decreasing 39.8 cents, including 2.8 cents on Thursday, according to figures from the AAA and Oil Price Information Service.
The average price is 15.6 cents less than a week ago, 39.6 cents lower than a month ago and 44.6 cents below what is was one year ago. It has dropped 44.6 cents since the start of the year.
The Orange County average price also dropped to its lowest amount since Jan. 4, 2018, decreasing 2.4 cents to $3.137. It has dropped 31 consecutive days, decreasing 38.2 cents, including 1.6 cents on Thursday.
The Orange County average price is 13.5 cents less than one week ago, 37.9 cents lower than one month ago and 43.4 cents below what it was one year ago. It has dropped 40.8 cents since the start of the year.
“With many people staying or working at home this past week, gasoline demand has continued to weaken,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
“Combined with the ongoing oil price war between Saudi Arabia and Russia, we could see the average price in areas close in on $3 per gallon, with many stations selling regular gasoline for much less than that.”
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