The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped 2.5 cents Wednesday to $5.938, its 32nd decrease in the last 34 days.
The average price is 10.7 cents less than one week ago and 48.2 cents less than one month ago, but $1.155 more than one year ago, according to figures from the AAA and Oil Price Information Service. It has increased $1.244 since the start of the joint U.S./Israel war on Iran on Feb. 28, which sent oil prices higher and drastically accelerated increases at the gas pump.
The Orange County average price fell 2.6 cents to $5.825, its 33rd decrease in the last 34 days. It is 10.6 cents less than one week ago and 55.1 cents less than one month ago, but $1.078 more than one year ago. The Orange County average price has increased $1.189 since the start of the war on Iran.
The average price in both counties had come with about 5 cents of their record highs (set Oct. 5, 2022), but started dropping after Gov. Gavin Newsom’s announcement Sept. 28 that cheaper winter-blend gasoline would be sold immediately instead of on the customary Nov. 1 date.
The national average price dropped for the 11th consecutive day, decreasing 2.6 cents to $4.123. It is 12.4 cents less than one week ago and 24.6 cents less than one month ago, but $1.071 more than one year ago. The national average price has increased $1.141 since the attack on Iran.