The average price of a gallon of self-serve regular gasoline in Los Angeles County has been declining for the 19th consecutive day, dropping 4.1 cents to $5.703.
Over the past 19 days, the average price has decreased by 61.2 cents, including a 3.9 cent drop on Tuesday, according to data from the AAA and Oil Price Information Service.
This decline follows a period of 23 price increases in 25 days, which resulted in a total increase of 91.8 cents and pushed the average price to its highest level since Oct. 11, 2022.
Compared to one week ago, the average price is now 21.8 cents lower. It is also 21.2 cents lower than one month ago and 35.1 cents below the price one year ago. Since reaching a record high of $6.494 on Oct. 5, 2022, the price has dropped by 79.1 cents.
In Orange County, the average price of gasoline has also dropped for the 19th consecutive day, decreasing by 4.2 cents to $5.524. Over the past 19 days, it has dropped by 76.4 cents, including 3.2 cents on Tuesday.
Compared to one week ago, the Orange County average price is now 21.7 cents lower. It is also 38.8 cents lower than one month ago and 39.2 cents below the price one year ago. Since reaching a record high of $6.459 on Oct. 5, 2022, it has dropped by 93.5 cents.
The national average price of gasoline has dropped for the 20th consecutive day and the 28th time in the past 30 days, decreasing by nine-tenths of a cent to $3.575. Over the past 30 days, it has dropped by 30.6 cents, including 1.6 cents on Tuesday.
Compared to one week ago, the national average price is now 8.8 cents lower. It is also 30.6 cents lower than one month ago and 29.5 cents lower than one year ago. Since reaching a record high of $5.016 on June 14, 2022, it has dropped by $1.441.
“The downward momentum has indeed gained steam, with the national average declining over the last week with virtually every village, town, city, region, and state seeing gasoline prices fall,” said Patrick De Haan, head of petroleum analysis at GasBuddy, a provider of real-time gas price information from over 150,000 stations.
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