LOS ANGELES (CNS) - A four-day streak of increases to the average price of a gallon of self-serve regular gasoline in Los Angeles County ended today with a decrease of one-tenth of cent to $3.22.
The average price rose 1.4 cents over the past four days, including three-tenths of a cent on Friday, to its highest amount since March 24, according to figures from the AAA and Oil Price Information Service.
The average price is 1.1 cents more than a week ago and 5.1 cents higher than one month ago, but 35.3 cents less than one year ago. It has decreased 39.5 cents since the start of the year.
The Orange County average price dropped two-tenths of a cent to $3.20 after three consecutive increases totaling 1.1 cents pushed it to its highest amount since March 23. It rose one-tenth of a cent on Friday.
The Orange County average price is four-tenths of a cent more than one week ago and 3.9 cents higher than one month ago, but 34.9 cents less than one year ago. It has decreased 34.5 cents since the start of the year.
The arrival of imported gasoline components to Los Angeles-area refineries is expected to put “some downward pressure on wholesale gasoline prices,” according to Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
West Coast gasoline prices “seem relatively unscathed from” Hurricane Laura, Spring said. Many Gulf Coast refineries closed ahead of its landfall Thursday morning.