Gas Prices Lowest Since February

The average price of a gallon of self-serve regular gasoline in Los Angeles County fell Tuesday to $3.713—the lowest price since Feb. 26.

Gas prices have dropped for 12 consecutive days, City News Service reported.

The average price is 6.8 cents less than it was last week and 9.8 cents lower than it was last month at this time; however, it's still 56.7 cents higher than it was last time at this time, according to figures from the AAA and Oil Price Information Service.

It's possible to find lower-than-average gas prices at these stations in the Redondo Beach area. Prices are from GasBuddy.com and user-reported within the past 48 hours.

• Arco, 3900 Sepulveda Blvd., Torrance
  Regular: $3.519
  Premium: $3.719
• Thrifty, 4925 Torrance Blvd., Torrance
  Regular: $3.539
  Premium: $3.819
• Thrifty, 16515 Hawthorne Blvd., Lawndale
  Regular: $3.569
  Premium: $3.769
• Arco, 16518 Hawthorne Blvd., Lawndale
  Regular: $3.599
  Premium: $3.799
• Arco, 1131 Pacific Coast Highway, Hermosa Beach
  Regular: $3.619
  Premium: $3.819
• 76, 5404 W. 190th St., Torrance
  Regular: $3.659 (cash price)

  Premium: $3.859 (cash price)

Analysts say the lower price of crude oil is responsible for the declining pump prices; however, crude oil prices have been increasing over the last four trading days.

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

City News Service contributed to this report.