The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped today to its lowest amount since Dec. 26, 2017, decreasing 1.1 cents to $3.124.
The average price has dropped 29 consecutive days and 32 of the past 33, decreasing 44.3 cents, including nine-tenths of a cent on Sunday, according to figures from the AAA and Oil Price Information Service.
The average price is 15.3 cents less than a week ago, 43.3 cents lower than a month ago and 54.4 cents below what it was one year ago. It has dropped 49.1 cents since the start of the year.
The dropping prices are a result of weakened demand as many people heed stay-at-home orders and the ongoing oil price war between Saudi Arabia and Russia, according to Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
