The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Monday for the 17th time in 18 days, falling four-tenths of a cent to $6.23.
The average price has decreased 20.9 cents over the past 18 days, including seven-tenths of a cent Sunday, according to figures from the AAA and Oil Price Information Service. The run of decreases follows a 44-day streak of increases totaling 79.7 cents that brought the average price within 5.4 cents of its record high, $6.493, set Oct. 5, 2022.
The average price is 12 cents less than one week ago, but 4.6 cents more than one month ago and $1.553 more than one year ago. It has increased $1.536 since the start of the joint U.S./Israel war on Iran on Feb. 28, which sent oil prices higher and drastically accelerated increases at the gas pump.
The Orange County average price dropped for the 18th consecutive day, falling a half-cent cent to $6.157. It has dropped 25 cents over the past 18 days, including 1.3 cents Sunday. The streak of decreases follows a run of 42 increases in 44 days totaling 83.7 cents, that pushed it within 5.3 cents of its record high, $6.458, set Oct. 5, 2022.
The Orange County average price is 12.3 cents less than one week ago and three-tenths of a cent less than one month ago, but $1.515 more than one year ago. It has increased $1.521 since the start of the war on Iran.
The dropping prices are the result of Gov. Gavin Newsom’s announcement Sept. 28 that cheaper winter-blend gasoline would be allowed to be sold immediately instead of the customary Nov. 1 date.
The national average price dropped three-tenths of a cent to $4.295. It is 6 cents less than one week ago and 18 cents less than one month ago, but $1.259 more than one year ago. It has increased $1.313 since the attack on Iran.