In Los Angeles County, the price of self-serve regular gasoline has dropped for the ninth time in the past ten days. It decreased by a half-cent to $4.926 per gallon. Over the past ten days, the average price has dropped by 4.8 cents, including a decrease of two-tenths of a cent on Tuesday. Compared to one week ago, the average price is now 2.8 cents lower, and it is $1.477 lower than the price one year ago. However, it is still 6.7 cents higher than it was one month ago. Since reaching a record high of $6.494 on October 5, the average price has dropped by $1.568.
In Orange County, the average price of gasoline has also dropped for the ninth time in the past eleven days. It decreased by six-tenths of a cent to $4.852 per gallon. Over the past eleven days, the average price has dropped by 6.6 cents. Since reaching a record high of $6.459 on October 5, the average price has dropped by $1.607.
The average price in Orange County is now 3.7 cents lower than it was one week ago and $1.482 lower than the price one year ago. However, it is still 2.7 cents higher than it was one month ago.
Nationally, the average price of gas has experienced seven decreases in the past eight days, but this streak ended with a slight increase of four-tenths of a cent. The national average price is now $3.581 per gallon. Compared to one week ago, it has decreased by 1 cent, and it is $1.387 lower than the price one year ago. However, it remains 4.2 cents higher than it was one month ago.
Since reaching a record high of $5.016 on June 14, 2022, the national average price has dropped by $1.435.
According to Patrick De Haan, head of petroleum analysis at GasBuddy, although oil prices have been unstable, there has been little overall movement in average gas prices nationally. The uncertainty surrounding the economy and tight inventories of oil and gasoline have prevented significant decreases in prices. GasBuddy provides real-time gas price information from over 150,000 stations.
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