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 $4.40, one day after remaining unchanged.
The average price is four-tenths of a cent less than one week ago but nine-tenths of a cent more than one month ago and $1.183 higher than one year ago, according to figures from the AAA and the Oil Price Information Service. It has risen $1.168 since the start of the year.The Orange County average price dropped two-tenths of a cent to $4.357, one day after rising one-tenth of a cent. It is six-tenths of a cent less than one week ago and eight-tenths of a cent lower than one month ago but $1.168 more than one year ago.
The Orange County average price has risen $1.149 since the start of the year.
``Some substantial" decreases to pump prices are expected soon because of the customary post-Labor Day drop in demand with the end of the summer travel season, said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
``We've seen wholesale prices decline over the past week, and expect it to affect gas prices soon," Spring told City News Service. ``Prices have remained pretty flat for nearly a month. We're a penny lower than a month ago for the state average of regular gasoline.
``I'd be surprised if prices don't start going down (this) week, based on what's been happening on the wholesale side."