LOS ANGELES (CNS) - A 17-day streak of increases ended today when the average price of a gallon of self-serve regular gasoline in Los Angeles County dropped one-tenth of a cent to $3.748.
The average price increased 8.7 cents during the streak, including two- tenths of a cent on both Wednesday and Thursday, to its highest amount since Aug. 21, 2015, according to figures from the AAA and Oil Price Information Service.
The average price is 2.1 cents more than one week ago, 14.2 cents higher than one month ago and 71.7 cents greater than one year ago. It has risen 59.8 cents since the start of the year.
A 13-day streak of increases in the Orange County average price ended today when it was unchanged, remaining at $3.713.
The Orange County average price rose 8.1 cents during the streak, including two-tenths of a cent on Thursday, to its highest amount since Aug. 20, 2015. It is 2.4 cents more than one week ago, 14.3 cents higher than one month ago and 68.5 cents greater than one year ago. It has risen 59.7 cents since the start of the year.
``Los Angeles wholesale gasoline prices reached a one-year peak briefly last week, but quickly dropped as it became clear that Southern California gasoline supplies are in good shape for the upcoming summer driving season at the moment,'' said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
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