July 13, 2024 #1 Local News, Information and Event Source for the Century City/Westwood areas.

Average Gasoline Prices Drop in LA County for 15th Time in 16 Days

 

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The average price of gas has decreased almost 12 cents in the past 16 days in Los Angeles County. (Thinkstock)

The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped today for the 15th time in 16 days, decreasing four-tenths of a cent to $4.063.

The average price has decreased 11.9 cents over the past 16 days, including eight-tenths of a cent on Sunday, according to figures from the AAA and Oil Price Information Service.

The average price is 6.7 cents less than one week ago, 6.9 cents lower than one month ago and 5.2 cents below what it was one year ago.

The average price rose 10 times in 11 days to its highest amount since May 19 immediately before the current run of decreases began.

The Orange County average price also dropped for the 15th time in 16 days, decreasing two-tenths of a cent to $4.036 — 7.7 cents less than one week ago, 7.5 cents lower than one month ago and 6.1 cents below what it was one
year ago.

The Orange County average price has decreased 13.1 cents over the past 16 days, including 1 cent on Sunday. It rose 14 times in 15 days to its highest amount since May 19 immediately before the current run of decreases began. 

The dropping pump prices stem from continuing decreases to the wholesale price caused by an improving supply situation, according to Jeffrey Spring of the Automobile Club of Southern California.

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