LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County decreased two-tenths of a cent today to $3.591, the seventh slight decrease in eight days.
The average price has decreased 1.4 cents over the past eight days, including three-tenths of a cent Thursday, according to figures from the AAA and Oil Price Information Service. It is 1.1 cents less than one week ago and 4.7 cents lower than one month ago but 28.8 cents more than one year ago.
The Orange County average price dropped three-tenths of a cent to $3.536, the sixth slight decrease in eight days. The average price has dropped 1.4 cents over the past eight days, including one-tenth of a cent on Thursday.
The Orange County average price is 1 cents less than one week ago and 1.8 cents lower than one month ago but 26.7 cents more than one year ago.
“The Oil Price Information Service reported this week that there were two unplanned flaring incidents at the Phillips 66 refinery in Los Angeles and the PBF refinery in Torrance, which could be preventing prices from dropping during a time of year when we often see price declines,” said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
Unplanned flaring is an indication of a breakdown in the refinery. It is a procedure that allows equipment to be safely taken offline, according to Marie Montgomery, a public relations specialist with the Automobile Club of Southern California.