LA, OC Gas Prices Hit 10-Month Low

Thursday, Oct 24, 2013  |  Updated 9:01 AM PDT
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LA, OC Gas Prices Hit 10-Month Low

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The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped to its lowest amount since Jan. 29 today, falling four-tenths of a cent to $3.779.

The average price is 2.8 cents less than one week ago, 22.8 cents lower than one month ago and 62.4 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. 28, falling four-tenths of a cent to $3.743.

The Orange County average price has decreased for 37 consecutive days and is 2.7 cents less than one week ago, 23.7 cents lower than one month ago and 63 cents below one year ago. The Orange County average price has fallen 29.7 cents over the past 37 days, including one-tenth of a cent on Wednesday. The dropping prices were immediately preceded by a 14-day streak of rising prices totaling 20.3 cents.

"Price declines are continuing as gas stations deplete their summer blend supply in anticipation of using the cheaper-to-produce winter blend on Nov. 1," Marie Montgomery of the Automobile Club of Southern California told City News Service.

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