The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Saturday for the 70th time in the last 71 days, falling 1.2 cents to $4.84.
The average price has dropped $1.474 over the past 71 days, including two-tenths of a cent Friday, according to figures from the AAA and Oil Price Information Service.
It is 8.2 cents less than one week ago and 36 cents less than one month ago, but 14.8 cents more than one year ago. The average price has decreased $1.654 since rising to a record $6.494 on Oct. 5, 2022.
The Orange County average price fell 1.4 cents to $4.671, one day after rising six-tenths of a cent. It has decreased 38 times in the last 40 days.
The Orange County average price is 9 cents less than one week ago and 38.2 cents lower than one month ago, but 10.9 cents more than one year ago. It has dropped $1.788 since rising to a record $6.459 on Oct. 5, 2022.
The national average price dropped for the 69th time in 72 days, decreasing 1.8 cents to $3.167. It is 8 cents less than one week ago, 23.4 cents lower than one month ago and 14.8 cents cheaper than one year ago.
The national average price has dropped 66.8 cents over the past 72 days, including 1.7 cents Friday. It has dropped $1.849 since rising to a record $5.016 on June 14, 2022.
“Historically, crude oil tends to drop nearly 30% from late September into early winter with gasoline prices trailing the play,” said Andrew Gross, an AAA national public relations manager. “More than half of all U.S. fuel locations have gasoline below $3 per gallon. By the end of the year, the national average may dip that low as well.”