Southland Gas Prices Stable


 Southland Gas Prices Stable

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 $3.354, one day after dropping two-tenths of a cent.

The average price is nine-tenths of a cent more than one week ago and 6.4 cents higher than one month ago, but 7.1 cents less than one year ago, according to figures from the AAA and Oil Price Information Service.

The Orange County average price dropped two-tenths of a cent to $3.311, one day after dropping three-tenths of a cent. It is four-tenths of a cent less than one week ago, 6 cents more than one month ago, and 7.9 cents less than one year ago.

Marie Montgomery of the Automobile Club of Southern California described the average price as stable.

“The switch to summer blend gasoline is already reflected in the current price averages, but some of that increase was canceled out by plentiful supply and lower demand during the recent Southern California rainstorms,” Montgomery told City News Service.

“However, a typical spring season will bring additional price increases at least through May, so this stability may not last too long before prices start rising again.”

Photo: Getty Images


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