Average gas prices drop for 10th consecutive day in L.A., Orange County

Gas pump
Photo credit Getty Images

The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Monday for the 10th consecutive day, decreasing 1.3 cents to $5.993.

The average price has dropped 32.2 cents over the past 10 days, including 2.5 cents Sunday, according to figures from the AAA and Oil Price Information Service.

The decreasing prices follow a run of 23 increases in 25 days totaling 91.8 cents that boosted the average price to its highest amount since Oct. 11, 2022.

The average price is 29.2 cents less than one week ago and 49.7 cents lower than one year ago but 41.7 cents more than one month ago. It has dropped 50.1 cents since rising to a record $6.494 on Oct. 5, 2022.

The Orange County average price also dropped for the 10th consecutive day, decreasing 1 cent to $5.832. It has dropped 45.6 cents over the past 10 days, including 2.9 cents Sunday.

The decreasing prices follow a run of 26 increases in 28 days totaling 97.2 cents that boosted the average price to its highest amount since Oct. 10, 2022.

The Orange County average price is 39.6 cents less than one week ago and 49.6 cents lower than one year ago but 37.3 cents more than one month ago. It has dropped 62.7 cents since rising to a record $6.459 on Oct. 5, 2022.

The decreasing prices stem from Gov. Gavin Newsom sending a letter to the California Air Resources Board Sept. 28 directing it to allow refineries to begin making and distributing winter-blend gasoline, which is cheaper to produce.

Stations normally cannot start selling winter blend gas until Nov. 1.

The national average price dropped for the 11th consecutive day and 19th time in 21 days, decreasing a half-cent to $3.704. It has dropped 17.7 cents over the past 21 days, including 1.3 cents Sunday.

The national average price is 11 cents less than one week ago, 11.9 cents lower than one month ago and 20.6 cents below what it was one year ago. It has dropped $1.312 since rising to a record $5.016 on June 14, 2022.

The run of decreases follows an 11-day streak of increases totaling 7.8 cents.

"Drivers are finally seeing some relief at the pump as the seasonal swoon picks up momentum," said Andrew Gross, an AAA national public relations manager. "At least one state has locations selling gas below $3 a gallon, and we should begin to see more states join in over the next few weeks."

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Featured Image Photo Credit: Getty Images