Gas Prices Falling: Where To Find Cheap Gas In Laguna Niguel Wednesday

LAGUNA NIGUEL, CA — The average price of a gallon of self-serve regular gasoline in Orange County recorded a decrease Tuesday, dropping 4.5 cents to $5.145, its lowest amount since March 4.

It has dropped 42 times in 48 days since rising to a record $6.357 on Oct. 5, decreasing $1.212, including 1.6 cents Monday. The Orange County average price is 24.2 cents less than one week ago and 55.3 cents lower than one month ago, but 47.2 cents more than one year ago.

In Laguna Niguel, residents can find the closest cheap gas at the Chevron station on Crown Valley Parkway at $4.99 per regular self service gallon, according to GasBuddy.

The national average price dropped for the 13th consecutive day, decreasing 2.6 cents to $3.636. It is 12.3 cents less than one week ago and 16.7 cents lower than one month ago, but 22.7 cents more than one year ago.

The national average price has dropped 16.9 cents over the past 13 days, including nine-tenths of a cent Monday. It is $1.38 lower than the record $5.016 set June 14.

California gas prices are customarily substantially higher than the national average because the state has the highest gas taxes in the nation, along with refinery cap and trade fees, higher general cost of living, a shrinking number of refineries producing gasoline, and the high cost of importing gasoline to the state when its refineries can't produce enough gas due to breakdowns, Marie Montgomery, a public relations specialist with the Automobile Club of Southern California told City News Service.

City News Service contributed to this report.