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Business Jan 13, 2024
The evolution of gas pumps. | Photo courtesy of mark6mauno/Flickr (CC BY 2.0)
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The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Saturday to its lowest amount since Feb. 4, decreasing nine-tenths of a cent to $4.641.
The average gasoline price has dropped 10 times in 11 days, decreasing 11.9 cents, including 1.7 cents Friday, according to figures from the AAA and Oil Price Information Service. The run of decreases follows a run of nine increases in 11 days totaling 7 cents.
The average price is 9.3 cents less than one week ago and 16 cents lower than one month ago but 13.8 cents more than one year ago. It has dropped $1.853 since rising to a record $6.494 on Oct. 5, 2022.
The Orange County average price dropped to its lowest amount since Feb. 2, decreasing 2 cents to $4.529. It has dropped 10 consecutive days, decreasing 13.4 cents, including 1.8 cents Friday. The streak of decreases follows a run of 11 increases in 12 days totaling 12.5 cents.
The Orange County average is 10.6 cents less than one week ago and 9.4 cents lower than one month ago but 9.9 cents more than one year ago. It has dropped $1.93 since rising to a record $6.459 on Oct. 5, 2022.
The national average price dropped for the 17th time in 19 days, decreasing three-tenths of a cent to $3.071. It has dropped 5.6 cents over the past 19 days, including three-tenths of a cent Friday. It dropped 14 consecutive days, rose one-tenth of a cent Tuesday, was unchanged Wednesday then resumed dropping Thursday.
The national average price is 1.2 cents less than one week ago, 5 cents lower than one month ago and 21.4 cents below what it was one year ago. It has dropped $1.945 since rising to a record $5.016 on June 14, 2022.
“I wouldn’t bet the farm on the national average reaching $3 a gallon, even if we are tantalizingly close,” Andrew Gross, AAA national public relations manager, said in a statement. “The mid-winter blahs will likely keep pump prices waffling a few cents up and down for the immediate future. But keep an eye on frigid temps because those can affect refinery production, pushing some regional pump prices higher.”
Riverside County
The average gas price in Riverside County dropped Saturday to its lowest amount since Feb. 3, decreasing 1.5 cents to $4.473.
The average price has dropped eight of the past nine days, decreasing 13.2 cents, including 2.5 cents Friday. The run of decreases follows a run of 12 increases in 13 days totaling 8.4 cents.
The Riverside average is 11.3 cents less than one week ago and 16.3 cents lower than one month ago but 10.6 cents more than one year ago. It has dropped $1.90 since rising to a record $6.373 on Oct. 5, 2022.
San Diego County
The average price of a gallon of self-serve regular gasoline in San Diego County dropped Saturday to its lowest amount since Feb. 8, decreasing 1.7 cents to $4.664.
The average price has dropped eight of the past nine days, decreasing 11.8 cents, including 1.4 cents Friday, according to figures from the AAA and Oil Price Information Service. The run of decreases follows a run of seven increases in nine days totaling 3.8 cents.
The average price is 9.2 cents less than one week ago and 16 cents lower than one month ago but 12.9 cents more than one year ago. It has dropped $1.771 since rising to a record $6.435 on Oct. 5, 2022.
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