LOS ANGELES (CNS) – The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped today to its lowest amount since May 21, 2009, decreasing 1.6 cents to $2.574.
The average price is 8.9 cents less than one week ago, 32.3 cents lower than one month ago and $1.091 below what it was one year ago, according to figures from the AAA and Oil Price Information Service.
The average price has dropped 10 consecutive days, decreasing 11 cents over that span, including 1.4 cents on both Tuesday and Wednesday.
The Orange County average price dropped today to its lowest amount since May 19, 2009, decreasing 2.1 cents to $2.545. It is 9.3 cents less than one week ago, 31.6 cents lower than one month ago and $1.101 below what it was one year ago.
The Orange County average price has dropped nine consecutive days, decreasing 11.2 cents over that span, including 1.4 cents on Wednesday.
The dropping pump prices are the result of wholesale gasoline prices declining “to their lowest level in nearly six years,” said Jeffrey Spring, the corporate communications manager of the Automobile Club of Southern California.