The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped today for the 29th consecutive day, decreasing 1.1 cents to $3.95, its lowest amount since March 4.
The average price has dropped 22.9 cents during the streak, including two-tenths of a cent on Monday, according to figures from the AAA and Oil Price Information Service. It is 5.4 cents less than one week ago, 23.2 cents lower than one month ago and 5.7 cents below what it was one year ago.
The 29-day streak of dropping prices is the longest since a 30-day streak from Oct. 24-Nov. 22, 2013.
The Orange County average price also dropped for the 29th consecutive day today, decreasing nine-tenths of a cent to $3.918, its lowest amount since Feb. 28.
The Orange County average price has dropped 24.8 cents during the streak, including a half-cent on both Sunday and Monday. It is 5.1 cents less than one week ago, 24.9 cents lower than one month ago and 6.8 cents below what it was one year ago.
The 29-day streak of dropping prices is the longest since a 47-day streak from Sept. 18-Nov. 3, 2013.
The dropping prices are the result of increased supply stemming from refineries running at a higher capacity, according to Jeffrey Spring of the Automobile Club of Southern California.
