The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped for the 26th time in 27 days Wednesday, falling 2.8 cents to $6.045.
The average price has decreased 39.4 cents over the past 27 days, including 2.3 cents Tuesday, according to figures from the AAA and Oil Price Information Service. The run of decreases follows a 44-day streak of increases totaling 79.7 cents that brought the average price within 5.4 cents of its record high, $6.493, set Oct. 5, 2022.
The average price is 13.8 cents less than one week ago and 36.5 cents less than one month ago, but $1.417 more than one year ago. It has increased $1.351 since the start of the joint U.S./Israel war on Iran on Feb. 28, which sent oil prices higher and drastically accelerated increases at the gas pump.
The Orange County average price dropped for the 27th consecutive day, falling 2.2 cents to $5.931. It has dropped 47.4 cents over the past 27 days, including 2.4 cents Tuesday. The streak of decreases follows a run of 42 increases in 44 days totaling 83.7 cents that pushed it within 5.3 cents of its record high, $6.458, set Oct. 5, 2022.
The Orange County average price is 15.9 cents less than one week ago and 45.7 cents less than one month ago, but $1.362 more than one year ago. It has increased $1.295 since the start of the war on Iran.
The dropping prices are the result of Gov. Gavin Newsom’s announcement Sept. 28 that cheaper winter-blend gasoline would be allowed to be sold immediately instead of the customary Nov. 1 date.
The national average price dropped 1.9 cents to $4.247. It is 1.7 cents less than one week ago and 22.9 cents less than one month ago, but $1.204 more than one year ago. The national average price has increased $1.265 since the attack on Iran.