Southland gas prices drop to lowest amount since January

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Downtown Los Angeles seen from the 110 freeway (Photo credit: Cyndee Maxwell)

Downtown Los Angeles seen from the 110 freeway (Photo credit: Cyndee Maxwell)

LOS ANGELES (CNS) – The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped to its lowest amount since Jan. 30 today, falling 1 cent to $3.832.

The average price has decreased for 24 consecutive days and is 6.1 cents less than one week ago, 13.6 cents lower than one month ago and 86.4 cents below what it was one year ago, according to figures from the AAA and Oil Price Information Service.

The average price has dropped 23 cents over the past 24 days, including 1.1 cents on Thursday. The dropping prices were immediately preceded by a 14- day streak of rising prices totaling 20.1 cents.

The streak of decreases is the longest since a 39-day streak from July 20-Aug. 27.

The Orange County average price dropped to its lowest amount since Jan. 29, falling eight-tenths of a cent to $3.794.

The Orange County average price has decreased for 24 consecutive days and is 6.7 cents less than one week ago, 15.4 cents lower than one month ago and 87.5 cents below what it was one year ago.

The Orange County average price has fallen 24.6 cents over the past 24 days, including 1.3 cents on Thursday. The dropping prices were immediately preceded by a 14-day streak of rising prices totaling 20.3 cents.

The streak of decreases is the longest since a 37-day streak from July 21-Aug. 26.

“A year ago at this time, a shortage of summer blend gasoline in California ran up the average to a new record and prices only reversed course after Gov. (Jerry) Brown temporarily eased air quality regulations to ease the shortages,” said Jeffrey Spring of the Automobile Club of Southern California.

“Fortunately it appears the state had no similar problems this year and local drivers can hope for further drops at the pump in November as the cheaper winter blend of gasoline is brought online.”

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