LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped today for the fourth consecutive day, decreasing two-tenths of a cent to $3.753.
The average price is nine-tenths of a cent less than one week ago, but 6.9 cents higher than one month ago and 70.6 cents greater than one year ago, according to figures from the AAA and Oil Price Information Service. It has risen 60.3 cents since the start of the year.
The average price dropped one-tenth of a cent on Tuesday, two-tenths of a cent on Wednesday and three-tenths of a cent on Thursday.
The Orange County average price dropped today for the sixth consecutive day, decreasing four-tenths of a cent to $3.709. It is 1.7 cents less than one week ago, but 6.1 cents more than one month ago and 68 cents higher than one year ago. It has risen 59.3 cents since the start of the year.
``Oil prices have dropped in the last couple of weeks as local gasoline supplies have risen, setting up conditions for pump prices to drop,'' said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
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