SoCal gas prices drop again following 17-day streak of increases

The dropping prices are continuing despite a gas tax increase of 2.8 cents per gallon that took effect Friday.

City News Service
Thursday, July 7, 2022
SoCal gas prices slowly dropping. Here's why
The dropping prices are continuing despite a gas tax increase of 2.8 cents per gallon that took effect Friday.

LOS ANGELES (CNS) -- The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped today for the 22nd consecutive day and 23rd time in 24 days, decreasing 1.9 cents to $6.264.

The average price has dropped 19.6 cents over the past 24 days, including two-tenths of a cent Tuesday, according to figures from the AAA and the Oil Price Information Service. The run of dropping prices follows an 18-day streak of increases totaling 36.9 cents.

The average price is 7.3 cents less than one week ago and 10.2 cents lower than one month ago, but $1.934 more than one year ago.

The Orange County average price also decreased for the 22nd consecutive day and 23rd time in 24 days, dropping 2.1 cents to $6.17. It has decreased 24 cents over the past 24 days, including six-tenths of a cent Tuesday.

The run of dropping prices follows a 17-day streak of increases totaling 35.1 cents.

The Orange County average price is 8 cents less than one week ago and 17.1 cents lower than one month ago, but $1.882 more than one year ago.

The dropping prices are continuing despite a gas tax increase of 2.8 cents per gallon that took effect Friday.

The national average price dropped for the 22nd consecutive day following an 18-day streak of increases, decreasing 2.1 cents to $4.779. It has dropped 23.7 cents over the past 22 days, including seven-tenths of a cent Tuesday, after rising 41.5 cents during the 18-day streak of increases.

The national average price is 8.9 cents less than one week ago and 8.6 cents less than one month ago, but $1.645 more than one year ago.

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