The average price of a gallon of self-serve regular gasoline in Los Angeles County inched up three-tenths of a cent Sunday to $4.468.
The average price is four-tenths of a cent more than one week ago, but 7 cents less than one month ago and 9.7 cents less than one year ago, according to figures from the American Automobile Association and the Oil Price Information Service. It has dropped $2.025 since rising to a record $6.493 on Oct. 5, 2022.
The Orange County average price rose four-tenths of a cent to $4.419. It is eight-tenths of a cent more than one week ago, but 6.5 cents less than one month ago and 6 cents less than one year ago. The Orange County average price has dropped $2.039 since rising to a record $6.458 on Oct. 5, 2022.
“Gas price averages in most Southern California areas continue to hover within 5 or 10 cents of their lowest levels of the year,” Doug Shupe, the Automobile Club of Southern California’s corporate communications manager, said in a statement released Thursday.
The national average price dropped six-tenths of a cent to $3.139. It is 1.1 cents less than one week ago, 3.3 cents less than one month ago and 31 cents less than one year ago. The national average price has dropped $1.877 since rising to a record $5.016 on June 14, 2022.
“Crude oil prices are hanging in the mid $60s per barrel, keeping pump prices steady,” the AAA said on Thursday. “Supply remains abundant, as OPEC + — a group of oil producing countries — recently announced it will be boosting production again next month, following several other increases this year.”