The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped a half-cent Tuesday to $4.465.
The average price is 1.9 cents less than one week ago, 12.3 cents less than one month ago and 17.2 cents less than one year ago, according to figures from AAA and the Oil Price Information Service. It has dropped $2.028 since rising to a record $6.493 on Oct. 5, 2022.
The Orange County average price declined 1.1 cents to $4.405, its lowest amount since Jan. 15. The Orange County average price is 2.3 cents less than one week ago, 10.4 cents less than one month ago and 16.6 cents less than one year ago. It has dropped $2.053 since rising to a record $6.458 on Oct. 5, 2022.
The national average price dropped seven-tenths of a cent to $3.136, its fifth consecutive decrease. The national average price is eight-tenths of a cent less than one week ago, 5.1 cents less than one month ago and 36.8 cents less than one year ago. It has dropped $1.88 since rising to a record $5.016 on June 14, 2022.
“It’s been another relatively quiet week for average gas prices, with most states seeing modest or slight declines, while a handful of price cycling states experienced the most noticeable fluctuations,” 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 Monday.
“Oil prices continue to hover in the mid-to-upper $60s, and with gasoline demand starting to ease as we head into August, we could see prices gradually decline as we approach Labor Day. That said, this is also the time of year when the tropics begin to stir, so we’ll be keeping a close eye on hurricane activity that could disrupt supply and shift the outlook.”