LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped today for the 10th consecutive day, decreasing 1.9 cents to $4.032, its lowest amount since Sept. 27.
The average price has dropped 9.7 cents over the past 10 days, including 1.2 cents on Thursday, according to figures from the AAA and Oil Price Information Service. It is 7 cents less than one week ago and 19.4 cents lower than a month ago but 34 cents more than one year ago. The average price has risen 70.2 cents since the start of the year.
The Orange County average price dropped for the 11th consecutive day today, decreasing 1.7 cents to $3.976, also its lowest amount since Sept. 27. It has dropped 11.2 cents over the past 11 days, including 1.8 cents on Thursday.
The Orange County average price is 8.4 cents less than a week ago and 21.6 cents lower than one month ago but 33.7 cents more than a year ago. It has increased 62.7 cents since the start of the year.
“Los Angeles wholesale gasoline prices have been dropping in response to news of imported supply and refiners selling excess supply on the spot market,” said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
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