LOS ANGELES (CNS) – The average price of a gallon of self-serve regular gasoline in Los Angeles County declined one-tenth of a cent today to $4.673. Â
The average price is one-tenth of a cent more than one week ago, 3.8 cents less than one month ago, and $1.45 more than one year ago, according to figures from the AAA and Oil Price Information Service. It has dropped 4.4 cents since hitting the record high of $4.716 on Nov. 27. Â
The Orange County average price rose six-tenths of a cent to $4.647. It is 1 cent more than one week ago, 3.8 cents less than one month ago, and $1.44 higher than one year ago. The Orange County average price has dropped 4.2 cents since moving within one-tenth of its record high on Nov. 26. Â
The average prices have dropped from their highs for the year because of lower demand and reduced oil prices. Â
Crude oil costs account for slightly more than half of the pump price, according to the U.S. Energy Information Administration.
