The average price of a gallon of regular gasoline at self-dispensing stations in Los Angeles County rose two-tenths of a cent to $4.565 on Tuesday, a day after falling one-tenth of a cent earlier.
The average price is 2.4 cents lower than a week ago, 17.8 cents lower than a month ago and 66.7 cents lower than a year ago, according to figures from AAA and the Oil Price Information Service. The price has fallen by $1.929 since its record high of $6.494 on October 5, 2022.
The average price in Orange County rose four-tenths of a cent to $4.487, a day after falling two-tenths of a cent. That’s 1.6 cents less than a week ago, 16.8 cents less than a month ago and 70 cents less than a year ago. The average price in Orange County has fallen $1.972 since rising to a record $6.459 on October 5, 2022.
The national average price rose one-tenth of a cent to $3.444, ending 16 consecutive days of lower prices.
That’s 1.8 cents less than a week ago, 8.4 cents less than a month ago, and 40.4 cents less than a year ago. The national average price has fallen $1,572 since its record high of $5,016 on June 14, 2022.
“As the summer driving season slowly comes to a close, we continue to see gasoline prices falling in most parts of the country as demand remains subdued,” said Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gasoline price information from more than 150,000 gas stations.
“As long as we can avoid a major hurricane threatening refineries in the Gulf region, I believe we could see further declines this week, with the national average potentially falling to its lowest level of the summer. However, if economic data comes in better than expected, there could still be a short-lived recovery.
“Although some states, particularly the Great Lakes and Florida, may see increases in gasoline prices as part of routine price fluctuations, overall prices remain lower across all states compared to last year.”
