Average Southland Gas Price Drop For 50th Consecutive Day

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The average price of a gallon of self-serve regular gasoline in Los Angeles County decreased Wednesday for the 50th consecutive day since rising to a record, dropping 2.6 cents to $5.599, its lowest amount since March 8.

The average price has dropped 86.3 cents since rising to a record $6.462 on June 14, including 1.5 cents Tuesday, following an 18-day streak of increases totaling 36.9 cents, according to figures from the AAA and the Oil Price Information Service. It is 12.9 cents less than one week ago and 69 cents lower than one month ago, but $1.219 more than one year ago.

The Orange County average price also decreased for the 50th consecutive day, dropping 2.5 cents to $5.497, its lowest amount since March 7. It has decreased 91.1 cents over the past 50 days, including 2.2 cents Tuesday. The run of dropping prices follows a 17-day streak of increases totaling 35.1 cents.

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