By City News Service
LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped today for the 11th time in 12 days, decreasing two-tenths of a cent to $4.053.
The average price has fallen 4.2 cents over the past 12 days and is 3.1 cents less than one week ago and 24.6 cents lower than one year ago, according to figures from the AAA and Oil Price Information Service. However, it is only 14.2 cents more than one month ago, thanks in part to a 13-day streak of increases immediately before the streak of falling prices began.
The Orange County average price dropped for the 12th consecutive day, decreasing two-tenths of a cent to $4.02. It has fallen 5.1 cents over the past 12 days, including six-tenths of a cent Monday, and is 3.5 cents less than one week ago and 24.6 cents lower than one year ago.
The average price is 14.1 cents higher than a month ago, in part because of a stretch of 12 increases in 13 days immediately before the start of dropping prices.
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