LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped today for the 11th consecutive day, decreasing 1 cent to $3.811.
The average price has dropped 6.6 cents over the past 11 days, including 1.2 cents on Friday, according to figures from the AAA and Oil Price Information Service.
The average price is 5.3 cents less than one week ago and 3.4 cents lower than one month ago, but 61.4 cents more than one year ago. It has risen 66 cents since the start of the year.
The Orange County average price dropped for the 10th consecutive day, decreasing 1.2 cents to $3.753. It has decreased 7 cents over the past 10 days, including 1.3 cents on Friday.
The Orange County average price is 5.8 cents less than one week ago and 5.4 cents lower than one month ago, but 57.4 cents higher than one year ago.
It has risen 63.4 cents since the start of the year.
“Wholesale gasoline prices have continued plunging for the second straight week and are now at their lowest level since mid-February, which should continue to push down prices at the pump,” said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
“Worldwide oil prices continue to drop, and as more local gas stations take delivery of winter-blend fuel, they will be paying at least 12 cents a gallon less for that gasoline.”
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