LOS ANGELES (CNS) – The average price of a gallon of self-serve regular gasoline in Los Angeles County Friday recorded its largest decrease since a 2.1-cent drop on Dec. 12, falling 2 cents to $6.015.
The average price is 1.5 cents more than one week ago, 67.6 cents higher than one month ago and $1.119 greater than one year ago. It is 47.9 cents less than the record $6.494 set on Oct. 5, 2022.
The Orange County average price recorded its largest decrease since a 3.1-cent drop on Dec. 13, 2023, falling 2.9 cents to $5.932. It is three-tenths of a cent more than one week ago, 61 cents higher than one month ago and $1.091 greater than one year ago.
The Orange County is 52.7 cents less than the record $6.459 set on Oct. 5, 2022.
Prices were rising slightly in line with seasonal norms before the joint U.S./Israel attack on Iran on Feb. 28 sent oil prices higher and drastically accelerated increases at the gas pump.
The 12-day streak of increases to the national average price totaling 18.6 cents, including two-tenths of a cent on Thursday, ended on Friday with a decrease of 1.3 cents, its largest since dropping 1.5 cents on Dec. 20.
The national average price is 6.2 cents more than one week ago, 61.4 cents higher than one month ago and 93.1 cents greater than one year ago. It is 86.3 cents less than the record $5.016 set on June 14, 2022.