LA County Gas Prices Fall for 40th Straight Day – Los Angeles

The average price of a gallon of self-serve regular gasoline in Los Angeles County decreased Sunday for the 40th consecutive day since rising to a record. 

The average price fell 1.8 cents to $5.788. This is its lowest level since April 28.

The average price is 18.2cs less than one-week ago, 58.4cs less than one month ago and $1.432 lower than last year. Since June 14, when it reached a new record $6.462, the price has fallen 67.4c.

Orange County’s average price dropped for the fourth consecutive day. It fell nine-tenths to $5.697, which is its lowest level since March 9. The average price has dropped 71.1 cents in the last 40 days, with a 2.8 cents on Saturday. This drop in prices comes after a streak of 17 days of increases totaling 35.1 Cents.

Orange County’s average price is 16.8cs lower than one week ago, 59.8cs lower than one monthly ago, and $1.38 higher than one year ago. Since June 12, when it reached a new record $6.41, the average price has fallen 71.3 cents.

Riverside County’s average gasoline price dropped 1 cent to $5.684 for the 20th consecutive and 27th consecutive days. This is the lowest price it has been since March 10.

TCalifornia’s average priceSunday’s cost was $5.741.

Over the past two weeks, the average U.S. gasoline price dropped 32 cents to $4.54 per gallon.

Trilby Lundberg, an industry analyst from the Lundberg Survey, stated Sunday that the continuing decline is due to falling crude oil prices.

“Further drops at the pump are likely as the wholesale gasoline price cuts continue making their way to street level,”Lundberg stated in a statement.

The average price at the pump is down 55 cents over the past six weeks, but it’s $1.32 higher than it was one year ago.

Los Angeles had the highest average regular-grade gas price in the country. At $3.90 per gallon, the lowest average price was found in Baton Rouge (Lawrence),

According to the survey the average diesel price dropped 22c to $5.55 per gallon over the last two weeks.

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