The price of self-serve regular gasoline in Los Angeles County continues to decline, marking its 17th consecutive day of decrease. It dropped by 1 cent on Monday, reaching $5.783 per gallon.
Over the past 17 days, the average price has decreased by 53.2 cents. Sunday alone accounted for a decrease of 1.8 cents. This downward trend follows a period of 23 price increases in 25 days, resulting in a total increase of 91.8 cents.
Compared to last week, the average price is now 21 cents lower. However, it is still 5.2 cents higher than a month ago, and 34.4 cents lower than the price one year ago. Since reaching a record high of $6.494 on October 5, 2022, the price has dropped by 71.1 cents.
In Orange County, the average price also experienced its 17th consecutive day of decline. It decreased by six-tenths of a cent, reaching $5.598 per gallon. Over the past 17 days, the average price has dropped by 69 cents, including a decrease of seven-tenths of a cent on Sunday.
Compared to last week, the average price in Orange County is now 23.4 cents lower. It is also 10.5 cents lower than a month ago, and 40.8 cents lower than one year ago. Since reaching a record high of $6.459 on October 5, 2022, the price in Orange County has dropped by 86.1 cents.
The recent decrease in gas prices can be attributed to a decision by Gov. Gavin Newsom. On September 28, he directed the California Air Resources Board to allow refineries to produce and distribute winter-blend gasoline, which is cheaper to make.
Typically, stations are not allowed to sell winter blend gas until November 1.
Nationally, the average gas price has also been on a declining trend, dropping for the 18th consecutive day and the 26th time in the last 28 days. It fell by one-tenth of a cent, reaching $3.60 per gallon. Over the past 28 days, the average price has decreased by 28.1 cents, with Sunday contributing a decrease of eight-tenths of a cent.
Compared to last week, the national average price is now 10.4 cents lower. It is also 27.1 cents lower than a month ago, and 28.8 cents lower than one year ago. Since reaching a record high of $5.016 on June 14, 2022, the national average price has dropped by $1.416.
Andrew Gross, an AAA national public relations manager, commented on the situation, stating that the oil market’s response to the ongoing conflict in Israel will likely remain limited as long as it doesn’t spread to involve more countries in the region. In the U.S., nine states currently have some county gas averages below $3 a gallon, and this number is expected to increase in the coming weeks.
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