Business & Tech
Gas Prices Dip for 31st Straight Day
The average price of a gallon of self-serve regular gasoline in Los Angeles County is $4.009.
The average price of a gallon of self-serve regular gasoline in Los Angeles County fell six-tenths of a cent Monday to $4.009. This is the 31st consecutive day of a price decline.
Gas is now 5.3 cents less than it was a week ago and 28.2 cents less than one month ago; but it’s 94.6 cents higher than it was one year ago, according to figures from the AAA and Oil Price Information Service.
Reports on GasBuddy.com show that regular gas at the on PCH in Hermosa Beach is only $4.05 per gallon; midgrade is $4.19; and premium is $4.29.
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Analysts credit the recent decrease in gas prices to the overall declining cost of crude oil. A barrel of benchmark West Texas Intermediate crude oil on the New York Mercantile Exchange has fallen 12 percent to $100.22 since reaching a two-year high of $113.93 in April.
— City News Service contributed to this report.
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