LOS ANGELES (CNS) - The fourth consecutive slight decrease dropped the average price of a gallon of self-serve regular gasoline in Los Angeles County to its lowest amount since Aug. 29 today.
The average price dropped three-tenths of a cent Friday to $3.587, according to figures from the AAA and Oil Price Information Service. It is four- tenths of a cent less than one week ago and 2.8 cents lower than one month ago but 32.9 cents higher than one year ago.
The average price dropped two-tenths of a cent on Tuesday, three- tenths of a cent on Wednesday and four-tenths of a cent Thursday.
The Orange County average price also dropped slightly for the fourth consecutive day, decreasing one-tenth of a cent to $3.536. It is unchanged from one week ago, nine-tenths of a cent less than one month ago and 30.9 cents higher than one year ago.
The Orange County average price dropped four-tenths of a cent Tuesday, three-tenths of a cent on Wednesday and two-tenths of a cent Thursday.
“While concerns about the coronavirus are pushing down demand for oil and gasoline nationwide, locally our gas prices are more affected by the performance of our refineries,” said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
“Once gas stations start selling the more expensive summer blend of gasoline, which will happen over the next couple of weeks, we could see price increases that reflect both the increased production costs and the constrained supply if these unplanned refinery issues aren't quickly resolved.”
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