LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped today to its lowest amount since March 23, decreasing a half-cent to $3.532.
The average price has dropped eight of the past nine days, decreasing 3.5 cents, including six-tenths of a cent on Thursday, according to figures from the AAA and Oil Price Information Service.
The average price is 3 cents less than week ago and 4.8 cents lower than one month ago but 18.1 cents more than one year ago. It has dropped 8.3 cents since the start of the year.
The Orange County average price dropped to its lowest amount since March 22, decreasing eight-tenths of a cent to $3.485. It has dropped 10 consecutive days, decreasing 3.4 cents, including six-tenths of a cent on Thursday.
The Orange County average price is 2.8 cents less than one week ago and 4.2 cents lower than one month ago but 18.2 cents more than one year ago. It has dropped 6 cents since the start of the year.
“Crude oil prices are at their lowest levels in more than a year in response to demand drops due to the COVID-19 coronavirus outbreak,” said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
“We expect that will continue to have a greater influence on local gas prices than the refinery fire unless we learn that the fire will have a long-term impact on Southern California fuel supply.”
Photo: Getty Images