LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped two-tenths of a cent today to $3.603, its second consecutive decrease and the lowest it's been since Aug. 30.
It is 1.2 cents less than one week ago and 15.3 cents lower than one month ago, but 25.5 cents more than one year ago, according to figures from the AAA and Oil Price Information Service.
The Orange County average price dropped one-tenth of a cent to $3.536, one day after increasing one-tenth of a cent. It is nine-tenths of a cent less than one week ago and 14.1 cents lower than one month ago, but 22.9 cents more than one year ago.
“Gas prices are continuing to tick down very slightly but there has been some upward pressure on the Los Angeles wholesale gasoline market in the last couple of days, probably at least partly due to the situation in the Middle East that has driven up oil prices,” said Marie Montgomery, a public relations specialist with the Automobile Club of Southern California.
“However, industry analysts are expecting oil prices to drop back down provided there is not an escalation of the situation,” she added.
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