LA gas prices dip again

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Gas prices down

(AP Photo)

LOS ANGELES (CNS) – The average price of a gallon of self-serve regular
gasoline in Los Angeles County dropped today for the 16th time in 17 days,
decreasing a half-cent to $4.016.

The average price has fallen 7.9 cents over the past 17 days and is 4.3
cents less than one week ago and 24 cents lower than one year ago, according to
figures from the AAA and Oil Price Information Service.

However, it is 11.8 cents more than one month ago, thanks in part to a
13-day streak of increases immediately before prices began to drop.

The Orange County average price dropped for the 17th consecutive day,
decreasing seven-tenths of a cent to $3.98. It has fallen 9.1 cents over the
past 17 days, including eight-tenths of a cent Saturday, and is 4.8 cents less
than one week ago and 22.9 cents lower than one year ago.

The average price is 11.6 cents higher than a month ago, in part because
of a stretch of 12 increases in 13 days immediately before the start of
dropping prices.

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