The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped for the 29th time in 30 days Saturday, falling 1.3 cents to $5.983.
The average price has decreased 45.6 cents during the last 30 days, including 2.3 cents Friday, according to figures from the AAA and Oil Price Information Service. The run of decreases follows a 44-day streak of increases that brought the average price within 5.4 cents of its record high, $6.493, set Oct. 5, 2022.
The average price is 12.2 cents less than one week ago and 44.5 cents less than one month ago, but $1.275 more than one year ago. It has increased $1.289 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 30th consecutive day, falling 1.4 cents to $5.864. It has dropped 54.1 cents over the past 30 days, including 2.2 cents Friday. The streak of decreases follows a run of 42 increases in 44 days that pushed it within 5.3 cents of its record high, $6.458, set Oct. 5, 2022.
The Orange County average price is 13 cents less than one week ago and 53.6 cents less than one month ago, but $1.192 more than one year ago. It has increased $1.228 since the start of the war on Iran.
The streak of dropping prices began four days after 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.
“Gas prices in California have dropped by more than 40 cents in the past month,” Kandace Redd, the Automobile Club of Southern California’s senior public affairs specialist, said in a statement released Thursday. “Worldwide oil prices have increased in the last two weeks due to continued supply volatility, so it is uncertain how long pump prices will continue to decline if that trend holds.”
The national average price dropped for the seventh consecutive day, decreasing 2.1 cents to $4.183. It has fallen 11.2 cents over the past seven days, including 2.1 cents Friday.
The national average price is 11.2 cents less than one week ago and 25.1 cents less than one month ago, but $1.143 more than one year ago. It has increased $1.201 since the attack on Iran.