LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose slightly today for the third consecutive day after dropping 65 times and being unchanged four times in the preceding 69 days.
The average price rose three-tenths of a cent to $2.829 after rising one-tenth of a cent Thursday and three-tenths of a cent on Wednesday, its first increase since Feb. 26, according to figures from the AAA and Oil Price Information Service.
The average price dropped to its lowest amount since Jan. 1, 2017 before Wednesday's increase.
The average price is one-tenth of a cent less than a week ago, 17.2 cents lower than a month ago and $1.296 below what it was one year ago. It has decreased 78.6 cents since the start of the year.
The Orange County average price rose for the third consecutive day today after dropping to its lowest amount since Dec. 28, 2016, increasing four- tenths of a cent to $2.779. It rose four-tenths of a cent on Wednesday and one- tenth of a cent on Thursday.
The Orange County average price is four-tenths of a cent less than one week ago, 19.4 cents lower than one month ago and $1.308 below what it was one year ago. It has dropped 76.6 cents since the start of the year.
“In the past week, Saudi Arabia increased its barrel price for oil, refineries in the region continued to reduce production and demand continued to increase incrementally,” said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
“This is the second week of very small price declines, with some cities seeing flat prices or a slight increase.”
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