The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped below $6 a gallon for the first time since March 30 Saturday, decreasing 1.7 cents to $5.998.
The average price has dropped for three straight days after rising to its highest amount since Oct. 6, 2023, earlier this week. It is 3 cents less than one week ago, but 62.2 cents more than one month ago and $1.112 more than one year ago, according to figures from the AAA and Oil Price Information Service. It is 49.6 cents less than the record $6.494 set on Oct. 5, 2022.
The Orange County average price fell 2.5 cents to $5.907. It is 4.7 cents less than one week ago, but 56.8 cents more than one month ago and $1.067 more than one year ago. The Orange County average price is 55.2 cents less than the record $6.459 set on Oct. 5, 2022.
Prices were rising slightly in line with seasonal norms before the joint U.S./Israel attack on Iran on Feb. 28 sent oil prices higher and drastically accelerated increases at the gas pump. Prices began to fall slightly after news of a cease fire this week, and peace talks are currently underway in Pakistan.
The national average price fell 1.8 cents to $4.135. The national average price is 3.1 cents more than one week ago, 55.7 cents more than one month ago and 92.5 cents more than one year ago. It is 88.1 cents less than the record $5.016 set on June 14, 2022.