Business & Tech
Gas Prices Lowest Since February
The average price of a gallon of self-serve regular gasoline in Los Angeles County is $3.713.
The average price of a gallon of self-serve regular gasoline in Los Angeles County fell Tuesday for the 12th consecutive day to $3.713—the lowest price since Feb. 26.
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.
Here is how much gas costs in Hermosa Beach—prices are from GasBuddy.com and user-reported within the past 48 hours:
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, 1131 PCH, Hermosa Beach
Regular: $3.61
Midgrade: $3.71
Premium: $3.81
, 931 PCH, Hermosa Beach
Regular: $3.75
Midgrade: $3.89
Premium: $3.99
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Analysts say the lower price of crude oil is responsible for the declining prices at the pump; 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.
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