LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped two-tenths of a cent today to $3.944, one day after a seven-day streak of increases totaling 2.3 cents ended with a decrease of one-tenth of a cent.
The average price is 2 cents more than one week ago, 19.9 cents higher than one month ago and 82 cents greater than one year ago, according to figures from the AAA and Oil Price Information Service. It has risen 71.2 cents since the start of the year, mainly because of a run of 59 increases in 60 days totaling 57.9 cents that ended March 21 with a decrease of one-tenth of a cent.
The Orange County average price rose three-tenths of a cent to $3.925, its highest amount since Nov. 18, 2019, one day after dropping two-tenths of a cent. It is 1.8 cents more than one week ago, 19.7 cents higher than one month ago and 83.5 cents greater than one year ago.
The Orange County average price has risen 71.7 cents since the start of the year, mainly because of a run of 72 increases in 73 days totaling 68.1 cents that ended March 20 with a decrease of two-tenths of a cent.
“Growing stock levels and cheaper crude oil prices are putting downward pressure on pump prices,'' said Jeanette McGee, the AAA's director, external communication. “These are positive signs that less expensive gas prices could be around the corner, but not enough to indicate a steady trend just yet.''
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