The average price of a gallon of self-serve regular gasoline in Los Angeles County resumed dropping Tuesday, decreasing four-tenths of a cent to $4.464, one day after the run of 22 decreases in 23 days totaling 26.3 cents ended with an increase of two-tenths of a cent.
The average price is at its lowest amount since Aug. 8 and 5.3 cents less than one week ago and 30.7 cents lower than one month ago, according to figures from the AAA and the Oil Price Information Service.
However, the average price is 6.8 cents more than one year ago. It has dropped $2.03 since rising to a record $6.494 on Oct. 5, 2022.
The Orange County average price dropped for the 29th time in 30 days, falling 1.5 cents to $4.339, its lowest amount since Dec. 31, 2024. It dropped five consecutive days, rose a half-cent Nov. 29 and resumed decreasing the following day.
The run began one day after the end of a 12-day streak of decreases totaling 13.9 cents.
The average price has dropped 37.6 cents during the run, including three-tenths of a cent Monday. It is 7.5 cents less than one week ago and 37.6 cents lower than one month ago, but four-tenths of a cent more than one year ago.
The average price has dropped $2.12 since rising to a record $6.459 on Oct. 5, 2022.
The run of 10 decreases in 11 days to the national average price totaling 8.5 cents ended with an increase of three-tenths of a cent to $2.858. It is 4.9 cents less than one week ago, 21.4 cents lower than one month ago and 18.4 cents below what it was one year ago.
The national average price has dropped $2.158 since rising to a record $5.016 on June 14, 2022.
“For a fourth straight week, the national average price of gasoline has declined, as conditions remain ripe for some of the lowest seasonal gas prices in five years,” Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations, said in a statement released Monday.
“Oil prices continue to struggle amid rising U.S., Canadian, and OPEC+ oil production, while refinery output remains near some of the highest seasonal levels in years — factors that are likely to keep gas prices under pressure over the weeks ahead.
“We’re continuing to see some gas prices below $2 per gallon in the nation’s cheapest states, now at more than 125 gas stations.”