The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Tuesday for the 14th time in 15 days, decreasing 2.3 cents to $6.049, its lowest amount since April 27.
The average price has fallen 16.5 cents over the past 15 days, including three-tenths of a cent Monday, according to figures from the AAA and Oil Price Information Service. It dropped six consecutive days, rose two-tenths of a cent May 25 and resumed decreasing last Tuesday.
The average price is 11.6 cents less than one week ago and 11.7 cents lower than one month ago, but $1.30 more than one year ago.
A decrease of one-tenth of a cent to $5.983 extended the run of dropping prices.
The Orange County average price dropped for the 19th time in 20 days, decreasing 2.7 cents to $5.956, its lowest amount since April 24. It has dropped 23.6 cents over the past 20 days, including one-tenth of a cent Monday.
The Orange County average price dropped three consecutive days, rose one-tenth of a cent May 17 and resumed dropping May 18. It is 15 cents less than one week ago and 18.7 cents lower than one month ago but $1.296 more than one year ago.
The national average price dropped for the 12th consecutive day, falling 3.2 cents to $4.29. It has dropped 27.4 cents over the past 12 days, including 1.4 cents Monday.
The national average price is 20.1 cents less than one week ago and 14.3 cents lower than one month ago but $1.148 more than one year ago.
“Average gasoline prices declined in all 50 states over the last week, with GasBuddy now tracking 15 states where the average price of gasoline has fallen below $4 per gallon, offering motorists some of the most widespread relief seen in weeks,” 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 released Monday.
“Much of the decline was driven by falling oil prices and the unwinding of recent price cycles, as growing optimism surrounding a potential U.S.-Iran agreement helped ease concerns over global oil supplies.
“However, the coast is anything but clear. Oil prices edged higher Sunday evening as uncertainty surrounding a potential deal persisted and renewed Israeli attacks added another layer of geopolitical risk. While motorists may continue to see some short-term relief, some price-cycling states could soon experience another upward swing as retailers run out of room to lower prices further. Overall, any setback in negotiations could quickly reverse the recent decline in fuel prices.”