Southland Gasoline Prices Continue Dropping

The average price of a gallon of self-serve regular gasoline in Los Angeles County fell 1.5 cents today to $4.633, the seventh consecutive decline following a seven-day streak of increases.

The average price has dropped 7.2 cents over the past seven days, including eight-tenths of a cent on Monday. Before the downward trend began, the price rose 50.4 cents over seven consecutive days to a record high of $4.705, according to figures from the AAA and Oil Price Information Service.

Check the best gasoline price in Baldwin Park by clicking here.

The average price is 47.6 cents more than one month ago and 76.3 cents higher than one year ago.

"Gas prices are definitely not coming down with the same ferocity that they went up,'' Marie Montgomery Nordhues of the Automobile Club of Southern California told City News Service.

"In fact, they haven't even yet dropped below the previous all-time record prices we saw in 2008. Some significant declines are expected and we don't know why they haven't happened yet.''

- City News Service

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