The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped six-tenths of a cent Saturday to $4.798, its sixth consecutive decrease following a run of 11 increases in 12 days.
The average price is 2.6 cents less than one week ago, 1.1 cents less than one month ago and 29.8 cents less than one year ago, according to figures from the AAA and the Oil Price Information Service. It has dropped $1.695 since rising to a record $6.493 on Oct. 5, 2022.
The Orange County average price dropped six-tenths of a cent to $4.717. It is 3.7 cents less than one week ago, 4.3 cents less than one month ago and 28.7 cents less than one year ago. It has dropped $1.741 since rising to a record $6.458 on Oct. 5, 2022.
“Southern Californians will be paying the lowest pump prices since 2021 to fill up for their Memorial Day getaways, which they will be taking in record numbers,” Doug Shupe, the Automobile Club of Southern California’s corporate communications manager, said in a statement.
“Gas prices are backing off from a price spike earlier this month caused by a Northern California refinery fire and some unplanned refinery outages. According to Oil Price Information Service, those supply issues have been resolved and refineries have increased their gasoline production.”
The national average price dropped nine-tenths of a cent to $3.187. It is two-tenths of a cent more than one week ago and 1.6 cents more than one month ago, but 42.2 cents less than one year ago. The national average price has dropped $1.829 since rising to a record $5.016 on June 14, 2022.