The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Tuesday for the 14th consecutive day, decreasing nine-tenths of a cent to $4.684, its lowest amount since March 27.
The average price has dropped 12.2 cents over the past 14 days, including one-tenth of a cent Monday, according to figures from AAA and the Oil Price Information Service. It is 5.4 cents less than one week ago, 10.4 cents lower than one month ago and 20.4 cents below what it was one year ago.
The average price has dropped $1.809 since rising to a record $6.493 on Oct. 5, 2022.
The Orange County average price dropped for the 14th time in 15 days, decreasing 1 cent to $4.593, its lowest amount since Feb. 7. It has dropped 12.2 cents over the past 15 days, including two-tenths of a cent Monday. The average price decreased six consecutive days, was unchanged June 2 and resumed dropping last Tuesday.
The Orange County average is 5.4 cents less than one week ago, 14.7 cents lower than one month ago and 18.9 cents below what it was one year ago. It has dropped $1.865 since rising to a record $6.458 on Oct. 5, 2022.
The national average price dropped three-tenths of a cent to $3.121, the fifth consecutive decrease following back-to-back increases totaling nine-tenths of a cent. It has dropped 2.2 cents over the past five days, including one-tenth of a cent Monday.
The national average price is 1.6 cents less than one week ago, 1.8 cents lower than one month ago and 32.4 cents below what it was one year ago. It has dropped $1.895 since rising to a record $5.016 on June 14, 2022.
“Average gas prices declined in nearly all states over the last week as refineries ramped up output and gasoline supplies surged,” Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations, said in a statement.
“While a few states experienced price cycling — a pattern where prices drop sharply and then spike every couple of weeks — the overall gentle downward trend is typical as summer progresses. If oil prices continue to rise gradually, it could eventually impact gas prices, but for now, we likely won’t see any major shifts at the pump in most areas this week.”