The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Wednesday for the second consecutive day following a run of seven increases in eight days totaling 3.5 cents, decreasing three-tenths of a cent to $4.727.
The average price is three-tenths of a cent more than one week ago, 15.8 cents higher than one month ago and 15.2 cents greater than one year ago, according to figures from the AAA and Oil Price Information Service.
The average price has dropped $1.766 since rising to a record $6.493 on Oct. 5, 2022.
The Orange County average price dropped for the sixth time in seven days, decreasing three-tenths of a cent to $4.70. It has dropped 1.6 cents over the past seven days, including three-tenths of a cent Tuesday.
The run of decreases follows 27 increases in 28 days totaling 27.4 cents that boosted the Orange County average price to its highest amount since May 24.
The Orange County average price is 15.6 cents more than one month ago and 20.1 cents higher than one year ago. It has dropped $1.758 since rising to a record $6.458 on Oct. 5, 2022.
The national average price dropped for the fifth time in six days, decreasing eight-tenths of a cent to $3.163. It has dropped 4 cents over the past six days, including 1.3 cents Tuesday. The national average price decreased three consecutive days, rose one-tenth of a cent Monday then resumed dropping Tuesday.
The national average price is 3.7 cents less than one week ago and 4.7 cents lower than one year ago but 1 cent more than one month ago. It has dropped $1.853 since rising to a record $5.016 on June 14, 2022.