Average Northridge-Chatsworth Gas Price Drops for 7th Time in 9 Days

Northridge-Chatsworth -- The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped today for the seventh time in nine days, decreasing four-tenths of a cent to $4.916.

The average price has dropped 3.4 cents over the past nine days, including six-tenths of a cent Wednesday, according to figures from the AAA and the Oil Price Information Service. It dropped five consecutive days, rose one-tenth of a cent Monday and was unchanged Tuesday, then resumed decreasing Wednesday.

The average price is 3 cents less than one week ago and 85.8 cents lower than one year ago but 6.5 cents more than one month ago. It has dropped $1.578 since rising to a record $6.494 on Oct. 5.

The national average price dropped for the seventh consecutive day following a 23-day streak of increases totaling 25.1 cents, decreasing 1 cent to $3.636. It has dropped 5 cents over the past seven days, including 1 cent Wednesday, and is 49.8 cents lower than one year ago but 19.7 cents more than one month ago.

The national average price has dropped $1.38 since rising to a record $5.016 on June 14.

-- City News Service