The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped to its lowest amount since Jan. 27 today, falling 1.3 cents to $3.766.
The average price is 3.5 cents less than one week ago, 23 cents lower than one month ago and 59.2 cents below one year ago, according to figures from the AAA and Oil Price Information Service.
The average price has decreased 37 of the past 38 days.
The Orange County average price dropped to its lowest amount since Jan. 26, falling eight-tenths of a cent to $3.735.
The Orange County average price has decreased for 38 consecutive days and is 3.1 cents less than one week ago, 22.8 cents lower than one month ago and 59.2 cents below one year ago.
The Orange County average price has fallen 30.5 cents over the past 38 days, including four-tenths of a cent on Thursday. The dropping prices were immediately preceded by a 14-day streak of rising prices totaling 20.3 cents.
The 38-day streak of declines is the longest since a 75-day streak from Oct. 9 to Dec. 22, 2012.
"Heading into November and December, there should be more downward pressure on gas prices provided there are no refinery issues or other incidents because those months see lower fuel demand and the cheaper winter blend of fuel is being sold in California," Jeffrey Spring of the Automobile Club of Southern California said.
— City News Service