LA County's streak of falling gas prices ends after 25 days

City News Service
Saturday, April 23, 2022
Another decrease extends streak of dropping LA County gas prices
The average price of a gallon of self-serve regular gasoline in Los Angeles County recorded its second slight decrease Sunday, extending its streak of dropping prices to 20 consecutive days.

LOS ANGELES (CNS) -- A 25-day streak of decreases to the average price of a gallon of self-serve regular gasoline in Los Angeles County ended Saturday with an increase of a half-cent to $5.787.

The average price dropped 28.8 cents during the streak, including four-tenths of a cent Friday, according to figures from the AAA and Oil Price Information Service. The average price rose $1.283 to a record $6.07 during a 32-day streak of increases that ended March 27, two days before the streak of decreases.

The streak was the longest since a 59-day streak from March 2-April 29, 2020 totaling 72.3 cents at the start of the coronavirus pandemic when stay-at-home orders sharply decreased demand.

The average price is 2 cents less than one week ago and 23.4 cents lower than one month ago but $1.761 higher than one year ago.

The Orange County average price rose two-tenths of a cent to $5.728, one day after the end of a run of 21 decreases in 23 days totaling 30.3 cents. It is 3.8 cents less than one week ago and 24.8 cents lower than one month ago but $1.732 more than one year ago.