The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Wednesday for the 22nd time in 23 days, decreasing 1.4 cents to $5.065, its lowest amount since March 27.
The average price has dropped 25.1 cents over the past 23 days, including three-tenths of a cent Tuesday, according to figures from the AAA and Oil Price Information Service. It decreased 20 consecutive days, was unchanged Monday and resumed dropping Tuesday.
The average price is 6.5 cents less than one week ago and 30.1 cents lower than one month ago, but 13.5 cents more than one year ago. It has dropped $1.429 since rising to a record $6.494 on Oct. 5, 2022.
The Orange County average price resumed decreasing, dropping 1.3 cents to $4.973, one day after a run of 31 decreases in 32 days totaling 31.1 cents ended when it was unchanged.
The Orange County average price is 6.9 cents less than one week ago and 31.2 cents lower than one month ago but 7 cents more than one year ago. It has dropped $1.486 since rising to a record $6.459 on Oct. 5, 2022.
The national average price dropped for the sixth consecutive day, decreasing 1.1 cents to $3.575. It has dropped 4 cents over the past six days following three increases totaling 2.5 cents. It is 3.6 cents less than one week ago, 8.4 cents lower than one month ago and seven-tenths of a cent below what it was one year ago.
The national average price has dropped $1.441 since rising to a record $5.016 on June 14, 2022.
“With the summer driving season now underway, average gas prices have seen ups in some areas and downs in others,” said Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations.
“Most states are seeing prices slightly below their 2024 peak thus far, with some refinery issues in the Great Lakes weighing on prices there, while other areas, like the West Coast, have seen notable relief with more coming.
“June tends to be a month of smooth sailing, where we see gas prices decline in most areas, and that’s a trend that looks the most likely for drivers, barring unexpected refinery snags or a tropical storm developing. The national average over Memorial Day was down ever so slightly compared to last year — after adjusting for inflation, prices were down about 10 cents per gallon. Not a terrible way to kick off summer.”