Community Corner
Gas Prices Dip Again
The 32nd consecutive day of falling prices puts the O.C. average at about $3.90, the lowest since early August.
The average price of gasoline in Orange County decreased Friday for the 32nd consecutive day, falling 2.2 cents to $3.877, its lowest amount since Aug. 7.
The average price has decreased 81.3 cents over the past 32 days, including 2.1 cents Thursday, after rising 51.3 cents over the previous six days to a record high of $4.69 on Oct. 8, according to figures from the AAA and Oil Price Information Service.
The Orange County average price is 16.2 cents less than one week ago and 81.2 cents lower than one month ago, but 3.6 cents more than one year ago.
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"After one of the sharpest and quickest gas price spikes ever, we have also experienced one of the fastest price drops," said Jeffrey Spring of the Automobile Club of Southern California.
"Wholesale California gasoline prices have ticked up in recent days, but there is still plenty of room for retail prices to drop."
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The average price of a gallon of self-serve regular gasoline in Los Angeles County decreased today for the 31st consecutive day, falling 2.1 cents to $3.94, its lowest amount since Aug. 8.
--City News Service
