The run of 39 decreases in 40 days totaling 48 cents that dropped the average price of a gallon of self-serve regular gasoline in Los Angeles County to its lowest amount since Feb. 10 ended Saturday with an increase of a half-cent to $4.695.
The increase was the first since a one-tenth of a cent increase Nov. 12 that ended a 43-day steak of dropping prices and the largest since a 3-cent increase Sept. 29, according to figures from the AAA and Oil Price Information Service.
The average price decreased 35 consecutive days, was unchanged Monday, then resumed dropping Tuesday.
The average price is 4.2 cents less than one week ago and 33.5 cents lower than one month ago, but 27 cents more than one year ago. It has dropped $1.799 since rising to a record $6.494 on Oct. 5, 2022.
The 11-day streak of decreases totaling 12.7 cents that dropped the Orange County average price to its lowest amount since Feb. 2 ended with a increase of 2.2 cents to $4.56, its largest increase since Sept. 28 when it rose 13.7 cents.
The Orange County average price is 1 cent less than one week ago and 30.5 cents lower than one month ago, but 24.4 cents more than one year ago. It has decreased $1.899 since rising to a record $6.459 on Oct. 5, 2022.
The national average price dropped one-tenth of a cent to $3.128, ending a four-day streak of increases totaling 6.1 cents. It is 5.3 cents more than one week ago and 3.2 cents higher than one year ago but 14 cents less than one month ago.
The national average price has decreased $1.888 since rising to a record $5.016 on June 14, 2022.
“Daily gas prices will likely move back and forth for the next month or so,” said Andrew Gross, an AAA national public relations manager. “Looking back at pre-pandemic 2019, the national average did not make a firm turn to moving higher daily until Valentine’s Day, Feb. 14.”