LOS ANGELES – The average price of a gallon of self-serve regular gasoline in Los Angeles County rose one-tenth of a cent Monday to $4.935 ending a streak of three days of decreases.
The average price is a half-cent more than one week ago and 6.3 cents higher than one month ago, but $1.416 lower than one year ago, according to figures from the AAA and the Oil Price Information Service. It has dropped $1.559 since rising to a record $6.494 on Oct. 5.
The average price in Orange County fell for the fifth consecutive day, decreasing two-tenths of a cent to $4.886. It is 1.7 cents less than one week ago, 7 cents more than one month ago, and $1.444 less than one year ago. It has dropped $1.573 since rising to a record $6.459 on Oct. 5.
The national average price dropped one-tenth of a cent to $3.552. It is 3 cents less than one week ago, nine-tenths of a cent less than one month ago and $1.296 lower than one year ago.
The national average price has dropped $1.464 since rising to a record $5.016 on June 14.
“Although millions hit the road last weekend, gasoline demand fell,” said Andrew Gross, an AAA national public relations manager. “Meanwhile, the cost for a barrel of oil dropped below $70 per barrel. Pump prices could dip further as the start of summer approaches.”
