The average price of a gallon of self-serve regular gasoline in Los Angeles County rose one-tenth of a cent for the second consecutive day Tuesday to $4.47.
The average price is three-tenths of a cent more than one week ago, but 5 cents less than one month ago and 9.2 cents lower than one year ago, according to figures from the American Automobile Association and the Oil Price Information Service.
The average price has dropped $2.023 since rising to a record $6.493 on Oct. 5, 2022.
The Orange County average price rose for the third consecutive day, increasing three-tenths of a cent to $4.423. It has increased eight-tenths of a cent over the past three days, including one-tenth of a cent Monday.
The Orange County average price is 1.3 cents more than one week ago, but 4.2 cents less than one month ago and 6 cents lower than one year ago. It has dropped $2.035 since rising to a record $6.458 on Oct. 5, 2022.
The five-day streak of decreases to the national average price totaling 3.2 cents ended with an increase of two-tenths of a cent to $3.14. It dropped one-tenth of a cent Monday.
The streak of dropping prices followed a run of seven increases in eight days totaling 3.4 cents.
The national average price is 2.3 cents less than one week ago, 1.7 cents lower than one month ago and 30.3 cents below what is was one year ago. It has dropped $1.876 since rising to a record $5.016 on June 14, 2022.
“After rising for two straight weeks, the national average price of gasoline saw a slight decline in the last week as oil prices fell below $64 per barrel, paving the way for prices to ease in most states,” 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.
“Price-cycling markets again saw the largest weekly swings, with Florida and Michigan cycling upward, while Indiana and Ohio experienced sharp declines, but may be due for jumps this week. As we approach the peak of hurricane season, forecasts are showing favorable conditions for tropical development, so we’ll be watching closely for any potential impact on supply and prices as Labor Day nears.”