Gas Prices Continue to Decline Modestly

The average price of a gallon of self-serve regular gasoline in Los Angeles County decreased today for the sixth time in eight days, falling six-tenths of a cent to $4.378.

The average price is 1.7 cents less than a week ago, but 19.2 cents more than one month ago and 39.8 cents higher than one year ago, according to figures from the AAA and Oil Price Information Service.

The average price rose 36 of the previous 37 days before the current stretch of decreases began.

The Orange County average price declined for the fourth consecutive day, dropping a half-cent to $4.358. It is 1.9 cents less than a week ago, but 17.2 cents more than one month ago and 39.1 cents higher than one year ago.

"We are seeing some impact at the pump from a reduction in wholesale gasoline prices," said Jeffrey Spring of the Automobile Club of Southern California.

"This is the third week with relatively small price changes, so it may be a signal that prices have peaked early this year. However, spring typically is a volatile time for gas prices and any incident relating to supply could make prices change direction."

Check local gas prices any time on Marina del Rey Patch.