22-Day Streak of Dropping Gas Prices Ends in Los Angeles County


22-Day Streak of Dropping Gas Prices Ends in Los Angeles County

LOS ANGELES (CNS) - A 22-day streak of decreases that dropped the average price of a gallon of self-serve regular gasoline in Los Angeles County to its lowest amount since Jan. 22, 2018, ended today with an increase of two- tenths of a cent to $3.289.

The average price dropped 14.1 cents during the streak, including seven-tenths of a cent on Thursday, according to figures from the AAA and Oil Price Information Service.

The average price is 2.5 cents less than one week ago and 13.6 cents lower than one month ago but 4.2 cents higher than one year ago.

A run of 27 decreases in 28 days to the Orange County average price ended today with an increase of two-tenths of a cent to $3.252. The Orange County average price dropped 16.6 cents over the previous 28 days, including two-tenths of a cent on Thursday, to its lowest amount since Jan. 22, 2018.

The Orange County average price fell for 23 consecutive days, was unchanged Sunday and resumed decreasing on Monday.

The Orange County average price is 2.3 cents less than one week ago and 12.8 cents lower than one month ago but 3.9 cents higher than one year ago.

“According to Oil Price Information Service, the major Southern California supply pipeline will begin shipping `summer blend' gasoline at the end of this month,” said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.

“Air quality requirements dictate that the summer fuel blend must be sold in most Southern California areas starting April 1. However, that blend usually arrives in stations much earlier to coincide with refinery maintenance and pipeline schedules and it adds at least 12 cents a gallon to the fuel price.”

Photo: Getty Images


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