LOS ANGELES (CNS) — The average price for a gallon of self-serve regular gasoline in Los Angeles County fell Sunday for the fourth straight day after rising to a record, down 2 cents to $6.41.
The average price has fallen 8.4 cents over the past four days, including 2.8 cents on Saturday, according to figures from the AAA and the Oil Price Information Service.
The median price is 4.9 cents down from a week ago, but $1.058 up from a month ago and $1.976 up from a year ago, mainly due to a 33-day streak of gains totaling $1.248, which ended Thursday with a three-drop decline Tenths of cents ended .
Orange County’s median price also fell for the fourth straight day after rising to a record, down 3 cents to $6,328. It’s down 13.1 cents over the past four days, including 4.1 cents on Saturday, its biggest drop since July 14, after a series of 15 rises in 16 days to total $1.063.
The average price in Orange County is 9.4 cents lower than a week ago, but is $1.02 higher than a month ago and $1.922 higher than a year ago.
The plunging prices are the result of refineries being serviced, “coming back online, winter blend fuel that’s cheaper to produce” earlier than it hit the market on Nov. 1, and several shipments of gasoline products en route to California are in the coming weeks,” Doug Shupe, corporate communications manager for the Automobile Club of Southern California, told City News Service.
“All of these factors will put pressure on prices at the pump, but we don’t know how much prices will fall or how fast they will fall,” Shupe said.
The national average price rose for the 18th time in 19 days, rising six tenths of a cent to $3.91. The average price is up 23.6 cents over the last 19 days, including 1.3 cents on Saturday. It has risen for 11 consecutive days, falling four tenths of a cent last Sunday and rising again on Monday.
The national average price is 11.4 cents higher than a week ago, 17.2 cents higher than a month ago and 64.4 cents higher than a year ago.
The national median price is $1,106 below the record of $5,016 set on June 14th.
The streak of increases follows a 98-day streak of declines totaling $1,342 that began the day after the record was set.
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https://abc7.com/gas-prices-los-angeles-county-orange/12308390/ Gas prices in Los Angeles County, OC, fall for the fourth straight day after hitting record highs