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LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped for the 11th time in the last 12 days Sunday, falling nine-tenths of a cent for the second consecutive day to $4.632, its lowest amount since Feb. 3, 2023.
The average price is 9.1 cents less than one week ago and 14.2 cents less than one month ago, but 12.9 cents more than one year ago, according to figures from the AAA and Oil Price Information Service. It has dropped $1.862 since rising to a record $6.494 on Oct. 5, 2022.
The Orange County average price dropped for the 11th consecutive day, falling seven-tenths of a cent to $4.522, its lowest amount since Feb. 2. The Orange County average price is 10.5 cents less than one week ago and 7.9 cents less than one month ago, but 9.1 cents more than one year ago. It has dropped $1.937 since rising to a record $6.459 on Oct. 5, 2022.
The national average price dropped for the 18th time in the last 20 days, slipping two-tenths of a cent to $3.069. The national average price is 1 cent less than one week ago, 3.5 cents lower than one month ago and 22.5 cents cheaper than one year ago. It has dropped $1.947 since rising to a record $5.016 on June 14, 2022.
"I wouldn't bet the farm on the national average reaching $3 a gallon, even if we are tantalizingly close," said Andrew Gross, AAA national public relations manager. "The mid-winter blahs will likely keep pump prices waffling a few cents up and down for the immediate future. But keep an eye on frigid temps because those can affect refinery production, pushing some regional pump prices higher."