The average price of a gallon of self-serve regular gasoline in Los Angeles County recorded its largest decrease since at least February 2020 Tuesday, dropping 4.3 cents to $6.358, its sixth consecutive decrease after rising to a record.
The average price has dropped 13.6 cents over the past six days, including nine-tenths of a cent Monday, according to figures from the AAA and Oil Price Information Service.
The average price is 13.1 cents less than one week ago but 97.2 cents more than one month ago and $1.917 higher than one year ago mainly due to a 33-day streak of increases totaling $1.248 that ended Thursday with a decrease of three-tenths of a cent.
The Orange County average price recorded its largest decease since at least September 2019, dropping 5.4 cents to $6.266. It has also dropped six consecutive days after rising to a record, decreasing 19.3 cents, including eight-tenths of a cent Monday following a run of 15 increases in 16 days totaling $1.063.
The Orange County average price is 17.9 cents less than one week ago but 91.5 cents more than one month ago and $1.863 higher than one year ago.
“Gas prices in California are finally cooling off, as more refineries come back online after undergoing maintenance and the switch to cheaper winter blends takes effect,” said Andrew Gross, an AAA national public relations manager.
The national average price rose for the 20th time in 21 days, increasing four-tenths of a cent to $3.923. The average price has increased 24.9 cents over the past 21 days, including nine-tenths of a cent Monday. It rose for 11 consecutive days, dropped four-tenths of a cent Oct. 2 and resumed increasing Oct. 3.
The national average price is 11.8 cents more than one week ago, 20.5 cents higher than one month ago and 64.9 cents greater than one year ago.
The national average price is $1.093 less than the record $5.016 set June 14.
The run of increases follows a 98-day streak of decreases totaling $1.342 that began the day after the record was set.
“High West Coast prices have played a major role in the recent climb in the national average for gas,” Gross said. “Reversing this trend may help take some pressure off of pump prices.”