Business & Tech
Local Gas Prices Creep Down
Tuesday saw the seventh straight day of declines. But the drop is happening more slowly than the rise.

The average price of a gallon of self-serve regular gasoline in Los Angeles County fell 1.5 cents today to $4.633, the seventh consecutive decline following a seven-day streak of increases.
The average price has dropped 7.2 cents over the past seven days, including eight-tenths of a cent on Monday. Before the downward trend began, the price rose 50.4 cents over seven consecutive days to a record high of $4.705, according to figures from the AAA and Oil Price Information Service.
The average price is 47.6 cents more than one month ago and 76.3 cents
higher than one year ago.
Find out what's happening in Echo Park-Silver Lakefor free with the latest updates from Patch.
"Gas prices are definitely not coming down with the same ferocity that
they went up,'' Marie Montgomery Nordhues of the Automobile Club of Southern
California told City News Service.
"In fact, they haven't even yet dropped below the previous all-time
record prices we saw in 2008. Some significant declines are expected and we
don't know why they haven't happened yet.''