The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped for the fifth consecutive day Saturday, decreasing seven-tenths of a cent to $5.664.
The average price has fallen 5 cents over the past five days, including nine-tenths of a cent Friday, according to figures from the AAA and Oil Price Information Service. It is 4.5 cents less than one week ago, but 28.2 cents more than one month ago and $1.20 more than one year ago.
The average price has increased 97 cents since the start of the joint U.S./Israel attack on Iran on Feb. 28, which sent oil prices higher and drastically accelerated increases at the gas pump.
The Orange County average price also dropped for the fifth consecutive day, falling eight-tenths of a cent to $5.606. It has dropped 6.2 cents over the past five days, including 1.1 cents Friday.
The Orange County average price is 6.1 cents less than one week ago, but 34.6 cents more than one month ago and $1.188 more than one year ago. It has increased 97 cents since the attack on Iran.
“Oil prices are now below $82 a barrel and that has helped to push down prices at the pump,” Kandace Redd, the Automobile Club of Southern California’s senior public affairs specialist, said in a statement released Thursday. “It appears the downward price trend could continue in coming days if oil prices stay lower and supply remains steady.”
The national average price dropped 2 cents to $4.022, its eighth consecutive decrease. The national average price is 7.9 cents less than one week ago, but 22.6 cents more than one month ago and 86.6 cents more than one year ago. It has increased $1.04 since the attack on Iran.
“Gas prices typically start going down this time of year, as many schools and universities begin fall semesters, and fewer people are taking road trips compared to earlier in the summer,” the AAA said Thursday.