Jul 29, 2014
89°
Dry and Partly Cloudy

Gasoline Prices Continue to Fall

Los Angeles County prices almost dropping below $4 a gallon.

Gasoline Prices Continue to Fall

Los Angeles County gas prices are hitting levels not seen since February.

The average price in LA County decreased for the 30th consecutive day today, falling 2.6 cents to $4.031, its lowest amount since Feb. 17. The Los Angeles County average price is 13.3 cents less than one week ago and 36.7 cents lower than one month ago but 8.1 cents higher than one year ago.

The decreasing pump prices are the result "of the rapid drop in wholesale prices that began late last month," according to Jeffrey Spring of the Automobile Club of Southern California.

"Drivers should easily be able to find gas stations now charging less than $3.90 a gallon, and a few that are even below $3.80," Spring said.

The average price of a gallon of self-serve regular gasoline in Orange County fell below $4 today for the first time since Feb. 17 while the Los Angeles County average price came close to doing the same.

The Orange County average price dropped a hefty 2.8 cents overnight to $3.98, according to figures from the AAA and Oil Price Information Service. The Orange County average price has decreased for 30 consecutive days and is 13.7 cents less than one week ago and 40.3 cents lower than one month ago. However, it is 6.1 cents higher than one year ago.

Don’t miss updates from Patch!