Gas Prices Fall for 2 Weeks Straight

After gas prices rose 43 times in 45 days, the average price of a gallon of self-serve regular gasoline in Los Angeles County fell Friday for the 14th consecutive day, City News Service reported.

The average price of $4.173 is 8.6 cents less than it was last week and 4.4 cents less than it was last month; however, it's still $1.075 more than it was last year at this time, according to the AAA and Oil Price Information Service.

There are still stations in the Redondo Beach area that sell gas for prices below the county average. Prices are from GasBuddy.com.

• Arco, 3900 Sepulveda Blvd., Torrance
  Regular: $3.989
  Premium: $4.159
• Thrifty, 4925 Torrance Blvd., Torrance
  Regular: $4.019
  Premium: $4.219
• 
  Regular: $4.039
  Premium: $4.239
• 76, 5404 W. 190th St., Torrance
  Regular: $4.059 (cash price)

  Premium: $4.259 (cash price)
• 
  Regular: $4.099
  Premium: $4.299
• Thrifty, 16515 Hawthorne Blvd., Lawndale
  Regular: $4.129
  Premium: $4.329
• Arco, 1131 Pacific Coast Highway, Hermosa Beach
  Regular: $4.139
  Premium: $4.339

The decreases come from the recent decline in the cost of crude oil, according to analysts. In Thursday's trading on the New York Mercantile Exchange, the price for a barrel of benchmark West Texas Intermediate crude fell $1.66 to $98.44—a 13.6 percent decrease since April 29's two-year high of $113.93.

Crude oil costs account for up to three-quarters of the price of a gallon of gas, Western States Petroleum Association spokesman Tupper Hull said.

City News Service contributed to this report.