LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped today for the 26th consecutive day, decreasing seven-tenths of a cent to $3.246.
The average price has dropped 29.1 cents over the past 26 days, including three-tenths of a cent on Monday, according to figures from the AAA and Oil Price Information Service. It rose $1.078 during a 34-day streak of increases immediately preceding the current run of price drops.
The average price is 6.2 cents less than one week ago, 22.7 cents lower than one month ago and 82.5 cents below what it was one year ago.
The Orange County average price also dropped for the 26th consecutive day today, decreasing nine-tenths of a cent to $3.203. It is 7.2 cents less than one week ago, 25.8 cents lower than one month ago and 84.9 cents below what it was one year ago.
The Orange County average price has dropped 31.9 cents over the past 26 days, including a half-cent on both Sunday and Monday. It rose $1.09 during a 33-day streak of increases that ended one day before the current streak of
The dropping pump prices are the result of stabilized wholesale gasoline prices and dropping oil prices, according to Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.