LOS ANGELES (CNS) – The average price of a gallon of self-serve regular gasoline in Los Angeles County decreased Friday for the 17th consecutive day and 18th time in 19 days, dropping 1.9 cents to $6.308.
The average price has dropped 15.2 cents over the past 19 days, including 1 cent Thursday, according to figures from the AAA and the Oil Price Information Service. The run of dropping prices follows an 18-day streak of increases totaling 36.9 cents.
The average price is 6.4 cents less than one week ago but 10.8 cents more than one month ago and $2 higher than one year ago.
The Orange County average price also decreased for the 17th consecutive day and 18th time in 19 days, dropping 2.1 cents to $6.221. It has decreased 18.9 cents over the past 19 days, including eight-tenths of a cent Thursday. The run of dropping prices follows an 17-day streak of increases totaling 35.1 cents.
The Orange County average price is 7.4 cents less than one week ago but 4.2 cents more than one month ago and $1.952 higher than one year ago.
“Los Angeles wholesale gasoline prices have dropped to their lowest levels since May 20 as supplies have increased while demand has been affected by these very high pump prices,” said Doug Shupe, the Automobile Club of Southern California’s corporate communications manager.
A 2.8-cent per gallon tax increase takes effect Friday. It’s not clear whether it “will create a brief increase at the pump for drivers, or if the increase will just be canceled out by the continuing drop in gas prices,” Shupe said.
The national average price dropped for the 17th consecutive day following an 18-day streak of increases, decreasing 1.5 cents to $4.842. It has dropped 17.4 cents over the past 17 days, including 1.1 cents Thursday.
The national average price rose 41.5 cents during the 18-day streak of increases. It is 8.4 cents less than one week ago but 17.1 cents more than one month ago and $1.719 higher than one year ago.