LA County sees largest decrease in average gas price since April 2020

The average price of a gallon of self-serve regular gasoline in Los Angeles County recorded its largest decline since April 2, 2020, dropping below $ 6 for the first time since March 21.

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The average price dropped 2 cents to $ 5.999 after back-to-back decreases of 1.9 cents, according to figures from the AAA and Oil Price Information Service. It has dropped 7.1 cents over the past seven days following a 32-day streak of increases totaling $ 1,283. It is 7.1 cents less than one week ago but $ 1,071 higher than one month ago and $ 2,045 more than one year ago.

The Orange County average price recorded its largest decline since at least September 2019, dropping 2.9 cents to $ 5,947. It has dropped 8 cents over the past seven days, including 1.8 cents on both Thursday and Friday, following a 35-day streak of increases totaling $ 1,277.

Despite the recent declines, the Orange County average price is $ 1,043 higher than one month ago and $ 2,013 more than one year ago.

“With the (Strategic Petroleum Reserve) release keeping oil (prices) down, we’ll see most / all areas decline over the weekend and into next week, ” according to Patrick De Haan, head of Petroleum Analysis for GasBuddy, which provides real-time gas price information from more than 150,000 stations.

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