The 12-day streak of increases that boosted the average price of a gallon of self-serve regular gasoline in Los Angeles County to its highest amount since April 10 ended Tuesday with a decrease of 1.2 cents to $4.875.
The average price increased 26.4 cents during the streak, including one-tenth of a cent Monday, according to figures from the AAA and the Oil Price Information Service. It is 9.2 cents more than one week ago, 15.9 cents higher than one month ago and 36.7 cents greater than one year ago
The average price has decreased $1.618 since rising to a record $6.493 on Oct. 5, 2022.
The 11-day streak of increases totaling 28.6 cents that boosted the Orange County average price to its highest amount since April 9 ended when it recorded its largest decrease since May 23, 2024, 2.1 cents.
The Orange County average price of $4.833 is 8.5 cents more than one week ago, 14.9 cents higher than one month ago and 41.9 cents greater than one year ago. It has decreased $1.625 since rising to a record $6.458 on Oct. 5, 2022.
The national average price rose one-tenth of a cent for the second consecutive day to $3.072. It is 1.9 cents more than one week ago, but 1.8 cents less than one month ago and 1.1 cents lower than one year ago.
The national average price has dropped $1.944 since rising to a record $5.016 on June 14, 2022.
“The national average price of gasoline edged higher last week, with the vast majority of states seeing prices climb,” 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.
“Refinery issues in the Great Lakes and West Coast have kept prices elevated, and gasoline inventory data from the government showed another large weekly drop in supplies, which has temporarily propped up prices.
“With thousands of flight cancellations ahead of Thanksgiving due to the FAA flight cuts, there could be slight shifts in gasoline demand, which may limit any near-term declines.”