LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped one-tenth of a cent today to $3.762, one day after decreasing two-tenths of a cent.
The average price is one-tenth of a cent more than one week ago, 9.6 cents higher than one month ago and 69.1 cents greater than one year ago, according to figures from the AAA and Oil Price Information Service. It has risen 61.2 cents since the start of the year.
The Orange County average price dropped two-tenths of a cent today to $3.726, one day after decreasing four-tenths of a cent. It is seven-tenths of a cent less than one week ago but 9.9 cents more than one month ago and 66.5 cents higher than one year ago.
It has risen 61 cents since the start of the year.``The California Energy Commission is reporting the highest level of gasoline stocks in three months and local refineries reportedly have completed their planned maintenance,'' said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
``Both those factors are good indicators that prices could reverse course and head back downward soon.''