Gasoline Price Slip, Slides Once Again

The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Sunday to its lowest amount since July 18, decreasing seven-tenths of a cent to $3.762.

The average price has dropped on 53 of the past 54 days and is 4.5 cents less than one week ago and 33 cents lower than one month ago, but 8.9 cents more than one year ago, according to figures from the AAA and Oil Price Information Service.

The average price has fallen 94.3 cents over the past 54 days, including eight-tenths of a cent on Saturday. It decreased for 48 consecutive days, was unchanged Tuesday and resumed dropping Wednesday.

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The Orange County average price decreased Sunday for the 55th consecutive day, falling four-tenths of a cent to $3.724, its lowest amount since July 17.

The Orange County average price has decreased 96.6 cents over the past 55 days, including 1.2 cents on Saturday, after rising 51.3 cents over the previous six days to a record high of $4.69 on Oct. 8.

The Orange County average price is 4.2 cents less than one week ago and 31.5 cents lower than one month ago, but 7.8 cents more than one year ago.

The streak of dropping prices is the longest since a 90-day streak from Sept. 16-Dec. 14, 2008.