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 Feb. 5, 2019, decreasing 2 cents to $3.305.
The average price has dropped 20 consecutive days and 23 of the past 24 days, decreasing 26.2 cents, including 3.2 cents on Friday, according to figures from the AAA and Oil Price Information Service.
The average price is 13.2 cents less than week ago, 26.8 cents lower than one month ago and 13.3 cents below what is was one year ago. It has dropped 31 cents since the start of the year.
The Orange County average price dropped to its lowest amount since Jan. 31, 2019, decreasing 2.5 cents to $3.247. It has dropped 25 consecutive days, decreasing 27.2 cents, including 2.5 cents on Friday.
The Orange County average price is 13.5 cents less than one week ago, 27.1 cents lower than one month ago and 14.2 cents below what it was one year ago. It has dropped 29.8 cents since the start of the year.
“As long as demand and oil prices stay low, we should see gas prices continue to drop,” said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
Commercial and general motorist traffic has dropped significantly because of the coronavirus outbreak while oil prices have decreased both because of reduced demand and increased production by Russia and Saudi Arabia boosting the supply, Spring said.
Photo: Getty Images