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 $5.781, one day after decreasing three-tenths of a cent.
The back-to-back decreases totaling seven-tenths of a cent follow back-to-back increases totaling six-tenths of a cent, according to figures from the AAA and Oil Price Information Service. The average price is 1.9 cents less than one week ago and 28.9 cents lower than one month ago but $1.741 higher than one year ago.
The Orange County average price dropped 1 cent to $5.714 one day after decreasing four-tenths of a cent. It is 3.8 cents less than one week ago and 31.3 cents lower than one month ago but $1.706 more than one year ago.
Price drops ``have slowed substantially (because) gas demand in California is better than expected and West Coast gasoline stockpiles are down,'' Marie Montgomery, a public relations specialist with the Automobile Club of Southern California, told City News Service, citing information from the Oil Price Information Service.