The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped for the sixth consecutive day Sunday, decreasing seven-tenths of a cent to $4.736.
The average price is 4.5 cents less than one week ago, 9.2 cents less than one month ago and 25.1 cents less than one year ago, according to figures from the AAA and Oil Price Information Service. It has dropped $1.758 since rising to a record $6.494 on Oct. 5, 2022.
The Orange County average price dropped three-tenths of a cent to $4.652. It is 4.8 cents less than one week ago, 5.5 cents less than one month ago and 28.6 cents less than one year ago. It has dropped $1.807 since rising to a record $6.459 on Oct. 5, 2022.
The national average price dropped six-tenths of a cent to $3.522. It is 1.6 cents more than one week ago and 6.3 cents more than one month ago, but 4.4 cents less than one year ago. The national average price has dropped $1.494 since rising to a record $5.016 on June 14, 2022.
“The damage from (Hurricane) Beryl caused limited damage to Gulf Coast energy facilities,” said Andrew Gross, an AAA national public relations manager.
“And while a record 60 million travelers were forecast to hit the highways for the July 4 holiday, the overall demand number for gasoline dropped. That is a rare feat for a holiday week and may point to a change in demand trends.”