LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped four-tenths of a cent today to $4.682, one day after rising three-tenths of a cent.
The average price is a half-cent less than one week ago but 1.7 cents more than one month ago and $1.527 higher than one year ago, according to figures from the AAA and Oil Price Information Service. It has dropped 3.4 cents since hitting the record high of $4.716 on Nov. 27.
The Orange County average price dropped for the sixth consecutive day, decreasing three-tenths of a cent to $4.648. It has dropped 1.8 cents over the past six days, including one-tenth of a cent Monday.
The Orange County average price is 1.3 cents less than one week ago but 1.8 cents more than one month ago and $1.515 higher than one year ago. It has dropped 4.1 cents since moving within one-tenth of a cent of equaling its record high Nov. 26.
``Gas prices tend to fall a bit this time of year due to the shorter days and less robust demand,'' said Andrew Gross, an AAA national public relations manager. ``And this trend was assisted by the recent steep drop in oil prices due to fears over the Omicron variant. But the variant's impact on pricing appears to be fading, so it remains to be seen if oil prices stabilize or move higher.''
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