LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped today to its lowest amount since Aug. 27, decreasing eight-tenths of a cent to $3.568.
The average price has dropped 13 of the past 15 days, decreasing 3.1 cents, including one-tenth of a cent for each of the past four days, according to figures from the AAA and Oil Price Information Service.
The average price is 1.1 cents less than one week ago and 3.6 cents lower than one month ago but 23.9 cents more than one year ago. It has dropped 4.7 cents since the start of the year.
The Orange County average price dropped to its lowest amount since March 24, decreasing a half-cent to $3.511. It has decreased 12 of the past 15 days, dropping 3.5 cents, including two-tenths of a cent on Monday.
The Orange County average price is 1.6 cents less than one week ago and 4.2 cents lower than one month ago but 21.6 cents higher than a year ago. It has dropped 4.4 cents since the start of the year.
The average price customarily declines in winter because of low demand, but this year's decrease is being offset by higher production costs for summer blend gasoline, according to Marie Montgomery, a public relations specialist with the Automobile Club of Southern California. Most Southern California gasoline stations will be required to sell summer blend gasoline on April 1.
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