SoCal Gas Prices Drop to 11-Month Low

Thursday, Nov 14, 2013  |  Updated 10:00 AM PDT
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SoCal Gas Prices Drop to 11-Month Low

Consumer Bob Hansen

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The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped today to its lowest amount since Jan. 2, falling 1.1 cents to $3.623.

The average price has decreased 57 of the past 58 days and is 4.5 cents less than one week ago, 19.8 cents lower than one month ago and 26.3 cents below one year ago, according to figures from the AAA and Oil Price Information Service.

The Orange County average price dropped to its lowest amount since Jan. 1, falling 1.1 cents to $3.595. It has decreased 57 of the past 58 days and is 4.2 cents less than one week ago, 18.7 cents lower than one month ago and 24.1 cents below one year ago.

The dropping pump prices are the result of lower wholesale prices and the Nov. 1 switch to winter blend gasoline, which costs less to produce, according to Jeffrey Spring of the Automobile Club of Southern California.

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