LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped one-tenth of a cent today to $4.38 after rising one-tenth of a cent each of the previous two days.
The average price is 1.5 cents more than one week ago, 5.2 cents higher than one month ago and $1.197 greater than one year ago, according to figures from the AAA and Oil Price Information Service.
The average price has risen $1.148 since the start of the year because of a sharp increase in the oil price, and higher demand stemming from more people driving to work, according to Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
The Orange County average price dropped two-tenths of a cent for the second consecutive day, hitting $4.346. It is 1.3 cents more than one week ago, 6.2 cents higher than one month ago and $1.117 greater than one year ago. It has risen $1.138 since the start of the year.
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