Gasoline prices fall for the 11th straight day in Los Angeles, Orange County

LOS ANGELES (CNS) — The average self-service gallon of regular gasoline in Los Angeles County fell for the 11th straight day and 12th time in 13 days on Saturday, falling 1.5 cents to $6,357.

The average price has fallen 10.3 cents over the past 13 days, including 1.4 cents on Friday, according to figures from the AAA and the Oil Price Information Service. The streak of falling prices follows an 18-day streak of increases totaling 36.9 cents.

The average price is 7.3 cents lower than a week ago, but 26.6 cents higher than a month ago and $2,072 higher than a year ago.

Orange County’s median price also fell for the 11th straight day and 12th time in 13 days, falling 1.5 cents to $6.28. It’s down 13 cents over the past 12 days, including 1.5 cents on both Thursday and Friday. The streak of falling prices follows a 17-day streak of increases totaling 35.1 cents.

The median price in Orange County is 8.7 cents down from a week ago, but 21.9 cents up from a month ago and $2,041 up from a year ago.

The former manager behind the 69-cent-a-gallon fiasco is raising money to pay the station back, but they said no

The falling prices are a result of increased supply from Southland refiners, which are reporting their second-highest California gasoline production for 2022, and economic concerns pushing oil prices lower, according to Doug Shupe, corporate communications manager for the Automobile Club of Southern California.

The national median price fell 1.8 cents to $4,908 for the 11th straight day after an 18-day streak of increases. It’s down 10.8 cents over the past 11 days, including 1.4 cents on Friday.

The national median price rose 41.5 cents during the 18-day streak of increases. It’s 8.1 cents down from a week ago, but 30.9 cents up from a month ago and $1,822 higher than a year ago
.

Copyright © 2022 City News Service, Inc. All rights reserved.

https://abc7.com/gas-price-los-angeles-county-orange-oc/11995304/ Gasoline prices fall for the 11th straight day in Los Angeles, Orange County

Laura Coffey

World Time Todays is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@worldtimetodays.com. The content will be deleted within 24 hours.

Related Articles

Back to top button