LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped 1.9 cents today for the second consecutive day to $6.019, matching its largest decrease since April 2, 2020.
The average price has dropped 5.1 cents over the past six days following a 32-day streak of increases totaling $1.283, according to figures from the AAA and Oil Price Information Service. It is 3.8 cents less than one week ago but $1.121 higher than one month ago and $2.066 more than one year ago.
The Orange County average price dropped 1.8 cents for the second consecutive day to $5.976, matching its largest decrease since April 8, 2020.
It has dropped 5.1 cents over the past six days, following a 35-day streak of increases totaling $1.277.
The Orange County average price is 3.8 cents less than one week ago but $1.106 higher than one month ago and $2.04 more than one year ago.
``Los Angeles wholesale gasoline prices declined considerably starting Friday on news that imported gasoline and gasoline components had arrived to refill local supplies,'' said Doug Shupe, the Automobile Club of Southern California's corporate communications manager.
``However, the Torrance refinery that had problems earlier this month reported a new flaring incident (Thursday) morning, indicating it may be shutting down again for repairs. It's not clear yet how significant this is or whether it will affect gas prices.''