Gasoline prices continue to dropadmin
Gasoline prices in the Los Angeles-Long Beach area dropped for the 12th consecutive week this week, but by the smallest amount since mid-August, the Automobile Club of Southern California reported Friday.
The average price of a gallon of self-serve regular gasoline fell 2.5 cents over the past week and stood at 2.679 dollars this morning, 40 cents less than last month and 29 cents less than at this time last year, according to the Auto Club.
The average price fell 1 cent from July 14-21; 1.7 cents from July 21-28; 2.4 cents from July 28-Aug. 4; nine-tenths of a cent from Aug. 4-11; one-tenth of a cent from Aug. 11-18; 5 cents from Aug. 18-25; 6.7 cents from Aug. 25-Sept. 1; 6.5 cents from Sept. 1- 8; 9.4 cents from Sept. 8-15; 9.8 cents from Sept. 15-22 and 10.7 cents from Sept. 22-29.
“Even as prices are falling, consumers should still shop for the best price because some stations will lower their prices more aggressively than others,” Auto Club spokeswoman Carol Thorp said.
“OPEC also said this week that it’s considering cutting its output of oil by 1 million barrels a day. But right now pump prices continue to head down in Southern California.”