It may not seem like it, but the price of a gallon of gasoline is actually going down.
Marie Montgomery, a spokeswoman for the Automobile Club of Southern California, said the average price of a gallon of regular dropped 15 cents in Los Angeles County and 17 cents in Orange County this week.
“Don’t pay above $4 a gallon right now,” Montgomery said. “Shop around.”
Prices rose in May, Montgomery said, because gas station owners thought there was going to be a shortage, and rushed to buy up as much gasoline as they could.
“There was a bit of panic-buying on the market,” Montgomery said. “It was caused by a perceived shortage that turned out not to be as bad as they thought it was going to be.”
According to the Auto Club’s online price tracker, the average price of a gallon of regular in Los Angeles County was $4.183 on Thursday. That's still higher than this time last year, when a gallon cost $4.003, but lower than earlier in the week.