LOS ANGELES – The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Friday for the 30th consecutive day since rising to a record, decreasing nine-tenths of a cent to $5.529.
The average price has dropped 96.5 cents over the past 30 days, including 2.8 cents Thursday, to its lowest amount since Sept. 23, according to figures from the AAA and the Oil Price Information Service. It is 15 cents less than one week ago and 96 cents lower than one month ago, but 93.9 cents more than one year ago.
The Orange County average price rose three-tenths of a cent to $5.417. It ended a streak of 29 days of price drops. It is 13.2 cents less than one week ago and $1.028 cents lower than one month ago, but 87 cents more than one year ago.
“The biggest reason for pump price drops on Southern California in recent weeks is because regional refineries that were off line are fully operational again which has fixed the fuel inventory squeeze we saw that led to record breaking pump prices,” Doug Shupe, the Automobile Club of Southern California’s corporate communications manager, told City News Service.
The national average price rose Friday 1.4 cents $3.792. It is 3.1 cents more than one week ago and 37.7 cents more than one year ago, but 1.3 cents lower than one month ago. It is $1.224 less than the record of $5.016 set June 14.