The average price of a gallon of self-serve regular
gasoline in Los Angeles County dropped four-tenths of a cent Saturday to $3.046.
The average price has decreased seven consecutive days after rising to
its highest amount since Jan. 7, 2016, according to figures from the AAA and
Oil Price Information Service. It is 2.2 cents less than one week ago, but 6
cents more than one month ago and 28.1 cents higher than one year ago.
The Orange County average price dropped half a cent today to $3.029,
also decreasing for the seventh consecutive day. It is 2.8 cents less than one
week ago, but 4.1 cents more than one month ago and 28 cents higher than one
“Los Angeles wholesale and rack prices” — the prices retailers pay on
delivery — “have both dropped by 20 to 25 cents in the last three weeks
from their record high points for the year, so there may now be some downward
pressure for prices at the pump,” said Jeffrey Spring, the Automobile Club of
Southern California’s corporate communications manager.
City News Service
Image by Stuart Monk