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Business & Tech

Gas Prices Dip Slightly Before Weekend

Prices at the pump take a small dive, but for the sixth time in eight days.

The average price of a gallon of self-serve regular gasoline in Los Angeles County decreased today for the sixth time in eight days, falling six-tenths of a cent to $4.378.

The average price is 1.7 cents less than a week ago, but 19.2 cents more than one month ago and 39.8 cents higher than one year ago, according to figures from the AAA and Oil Price Information Service.

The average price rose 36 of the previous 37 days before the current stretch of decreases began.

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"We are seeing some impact at the pump from a reduction in wholesale gasoline prices,'' said Jeffrey Spring of the Automobile Club of Southern
California. "This is the third week with relatively small price changes, so it may be a signal that prices have peaked early this year. However, spring typically is a volatile time for gas prices and any incident relating to supply could make prices change direction.''

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