Southland Gas Prices Continue to Drop

New Study Documents Consumer Behavior When Gas Prices Fall

 LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose dropped six-tenths of a cent today to $3.428, the eighth consecutive decrease after a 20-day streak of rising prices.

The average price has dropped 3.1 cents over the past eight days, including six-tenths of a cent on Wednesday, according to figures from the AAA and Oil Price Information Service. It is 3 cents less than one week ago but 18 cents more than one month ago and 44.7 cents higher than one year ago.

The average price has risen 27.8 cents since the start of the year.

The average price rose 21.2 cents during the streak to its highest amount since Sept. 8, 2015.

The Orange County average price dropped eight-tenths of a cent to $3.389, the seventh consecutive decrease. It has dropped 3.9 cents over the past seven days, including 1 cent on Wednesday.

The Orange County average price is 3.9 cents less than one week ago but 17.7 cents more than one month ago and 40.5 cents higher than one year ago. It has risen 27.3 cents since the start of the year.

The Orange County average price rose for 20 consecutive days, increasing 22 cents to its highest amount since Sept. 4, 2015, and was unchanged Feb.7 and last Thursday. The streak of decreases began Friday.

Photo: Getty Images


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