LOS ANGELES -- The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Sunday for the sixth time in the last seven days following a long streak of increases that pushed it to record highs, declining eight-tenths of a cent to $6.422.
The decreases stem from"a plunge of nearly 60 cents on the Los Angeles wholesale gasoline market this past week'' caused by"a very volatile week for the U.S. economy and a slight downturn in consumer demand reported by the EIA, which is likely due to record high prices,'' said Doug Shupe, the Automobile Club of Southern California's corporate communications manager, referring to the U.S. Energy Information Administration.
The average price set records for 16 consecutive days, then dropped one-tenth of a cent on June 13 before setting another record high on June 14, rising to $6.462. It is 3.8 cents less than one week ago, but 32.5 cents more than one month ago and $2.172 higher than one year ago, according to figures from the AAA and the Oil Price Information Service.
The Orange County price also dropped for the sixth time in seven days, falling seven-tenths of a cent to $6.36. It also set records for 16 consecutive days before dropping on June 13. The Orange County average price is 5 cents less than one week ago, but 28.4 cents more than one month ago and $2.157 higher than one year ago.
The Los Angeles County average price has increased $1.626 since Russia's invasion of Ukraine on Feb. 24"sent shock waves through the oil market that have kept oil costs elevated,'' said Andrew Gross, an AAA national public relations manager. The Orange County average price has increased $1.584.
I'll be happy when gas prices drop $3 per gallon 🤑
Ok um. I don’t believe it
The prices in eastern LA County keep increasing to try and even out with the city of LA. Media loves spinning what Sac politicians want them too.
Abc7 with all due respect wtf are you talking about. 6x at what half a cent every time it went down.
1 cent here and there isn't much
To what 6.88 😂
Stop lying news media it's still $6.50 on Crenshaw Boulevard
One penny nobosy cares
I paid twenty cents more today than last week. Repeal the gas tax gas ⛽️ Before July when it’ll be $8
Not in LA County the prices have not dropped!!!!
Fake news at its finest
Yeah right prices have only gone up in my area for the last 7 days. 🤬
Where are they dropping in LA because where I live it hasn’t stopped going up
they go up by 10 cents a day then come down a penny a day for a few days and that's news?
Dropped to what? 6 dollars
Hasn't dropped here in the high desert...holding steady at 6.00
Gas prices have not dropped in my neighborhood in OC! It’s been $6.39 for weeks!! Let us know when it drops below $5.00 a gallon.
ABC7, you DO realize most gas stations haven’t got the “word”, right?
No price drop in OC! It’s been $6.39 for weeks at my gas station. Let us know when it drops below $5.00 a gallon.
Don’t try to spin $6 a gallon is a good thing. 🤡🤡
What is the total price increase since Biden took office?
Paid $5.85 this morning at Costco. Not really dropping.
Let us know when it’s below $4 a gallon.
To what? Now do a 6 month comparison.
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