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Price of gas continues slight downward trend

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The average price of a gallon of self-serve regular gasoline in Los Angeles County had decreased by mid-week for the 43rd consecutive day since rising to a record, dropping 2.5 cents to $5.728, its lowest amount since March 9.

The average price has dropped 73.4 cents over the past 43 days, including 2.6 cents Tuesday, following an 18-day streak of increases totaling 36.9 cents, according to figures from the AAA and the Oil Price Information Service.

The average price is 17.5 cents less than one week ago and 62.2 cents lower than one month ago, but $1.37 more than one year ago. It has dropped 73.4 cents since rising to a record $6.462 June 14.

The Orange County average price also decreased for the 43nd consecutive day, dropping 2.6 cents to $5.639, its lowest amount since March 8. It has decreased 76.9 cents over the past 43 days, including 2.2 cents Tuesday. The run of dropping prices follows a 17-day streak of increases totaling 35.1 cents.

The Orange County average price is 16.1 cents less than one week ago and 63.3 cents lower than one month ago, but $1.317 more than one year ago. It has dropped 77.1 cents since rising to a record $6.41 June 12.

The national average price dropped for the 43rd consecutive day following an 18-day streak of increases, decreasing 2.5 cents to $4.302. It has dropped 71.4 cents over the past 43 days, including 2.8 cents Tuesday, after rising 41.5 cents during the 18-day streak of increases.

The national average price is 16.5 cents less than one week ago and 59.5 cents lower than one month ago, but $1.144 more than one year ago. It has dropped 71.4 cents since rising to a record $5.016 June 14.

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