Gas Prices Drop for 18th Day in a Row

The average price of a gallon of self-serve regular gasoline in Los Angeles County on Tuesday was $4.12—1.4 cents less than it was Monday, City News Service reported.

The average price is nearly 10 cents less than it was last week and 10.7 cents less than it was last month; however, it's still $1.063 higher than it was last year at this time, according to the AAA and the Oil Price Information Service.

Tuesday also marked the 18th consecutive day of declining prices. In total, prices have declined 17.1 cents during the streak.

Before the decrease, prices rose 43 times in 45 days.

According to GasBuddy.com, there are some stations in the Redondo Beach area that sell gas for prices before the county average. Prices are user-reported within the past 24 hours:

• Thrifty, 4925 Torrance Blvd., Torrance
  Regular: $3.899
  Premium: $4.139
• 
  Regular: $3.959
  Premium: $4.159
• Thrifty, 16515 Hawthorne Blvd., Lawndale
  Regular: $3.969
  Premium: $4.269
• 76, 5404 W. 190th St., Torrance
  Regular: $3.999 (cash price)

  Premium: $4.239 (cash price)
• Arco, 1131 Pacific Coast Highway, Hermosa Beach
  Regular: $4.039
  Premium: $4.239
• 
  Regular: $4.059
  Premium: $4.259
• 
  Regular: $4.079
  Premium: $4.279

Analysts credit the gas prices decreases to recent drops in the price of crude oil, which can account for up to three-quarters of the price of a gallon of gasoline. Since reaching a two-year high of $113.93 on April 29, the price of a barrel of benchmark West Texas Intermediate crude on the New York Mercantile Exchange has fallen 12.6 percent to $99.59.

City News Service contributed to this report.