Gas prices continue to fall in Los Angeles, Orange counties

LOS ANGELES (CNS) — The average self-service regular gasoline gallon in Los Angeles County on Sunday fell for the 73rd time in 75 days since a record was set, falling four-tenths of a cent to $5,281, the lowest since March 5.

The median price has fallen $1,181 since rising to a record $6,462 on June 14, including 1 cent on Saturday, according to figures from the AAA and the Oil Price Information Service. It declined for 67 consecutive days, remained unchanged on Sunday and Monday, and fell again on Tuesday.

The average price is 5.7 cents less than a week ago and 41.8 cents lower than a month ago, but 88.1 cents more than a year ago.

Orange County’s median price fell half a cent to $5,184, its lowest amount since March 4. It’s down $1.226 since rising to a record $6.41 on June 12, including eight-tenths of a cent on Saturday.

The average price in Orange County is 5.5 cents down from a week ago and 42 cents down from a month ago, but 81.4 cents up from a year ago.

The national median price fell for the 75th straight day since rising to a record, falling four-tenths of a cent to $3,853. It’s down $1.163 since rising to a record $5.016 on June 14, including 1.2 cents on Saturday.

The nationwide average price is 5.1 cents lower than last week and 42.5 cents lower than last month, but 70.5 cents higher than last year.

Copyright 2022, City News Service, Inc.

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https://abc7.com/gas-prices-southern-california-los-angeles-county-orange/12175908/ Gas prices continue to fall in Los Angeles, Orange counties

Laura Coffey

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