LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose one-tenth of a cent today to $3.219, the sixth consecutive day it has changed by two-tenths of a cent or less.
The average price is a half-cent less than one week ago and 53.9 cents lower than one year ago but 1.3 cents more than one month ago, according to figures from the AAA and Oil Price Information Service. It has decreased 39.6 cents since the start of the year.
The Orange County average price rose one-tenth of a cent to $3.189, one day after remaining unchanged. It is 1.1 cents less than one week ago, three-tenths of a cent lower than one month ago and 46.2 cents below what it was one year ago.
The Orange County average price has decreased 35.7 cents since the start of the year.
“Oil Price Information Service reported that West Coast refinery utilization rates were at their highest levels in nearly six months and gasoline inventories are up as well, which has lowered wholesale prices,'' said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
“However, the pandemic and drop in business at gas stations seems to have made them more reluctant to lower prices even when their own costs drop.''
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