SoCal gas prices drop for fourth consecutive day after setting record highs
The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped for the third consecutive day after rising to a record.The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Sunday for the fourth consecutive day after rising to a record, decreasing 2 cents to $6.41.
The average price is 4.9 cents less than one week ago but $1.058 more than one month ago and $1.976 higher than one year ago mainly due to a 33-day streak of increases totaling $1.248 that ended Thursday with a decrease of three-tenths of a cent. The Orange County average price is 9.4 cents less than one week ago but $1.02 more than one month ago and $1.922 higher than one year ago.
"All of these factors will put downward pressure on prices at the pump, but we don't know how much prices will fall or how fast they will fall," Shupe said.
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