February 23, 2024 3:17 pm

Recent Gas Price Changes in Los Angeles County

On Friday, the average cost of a gallon of self-serve regular gasoline in Los Angeles County increased by three-tenths of a cent to $4.542. This uptick followed a 20-day streak of price decreases totaling 21.8 cents, which had brought the cost to its lowest point since January 24, 2023, before it remained unchanged.

As per data from the AAA and Oil Price Information Service, the current average price is 3.6 cents lower than the previous week, 17.4 cents less than one month ago, and 1.1 cents below the price a year ago. Notably, it has seen a significant decrease of $1.952 since reaching a record high of $6.494 on October 5, 2022.

In Orange County, the 20-decrease trend in the average price over 22 days, amounting to 23.3 cents, concluded with a slight increase of 1.2 cents, bringing the average to $4.442. This figure is 2.1 cents lower than the previous week, 15.5 cents less than one month ago, and 4.7 cents below the price a year ago. The Orange County average price has witnessed a notable reduction of $2.017 since its record high of $6.459 on October 5, 2022.

On the national level, the average gasoline price increased by one-tenth of a cent to $3.103. This marks the fourth consecutive rise following a four-day streak of decreases totaling 1.7 cents. Over the past four days, the national average has gone up by 2.6 cents, including six-tenths of a cent on Thursday.

Comparatively, the national average price is 1.5 cents higher than the previous week, 2.3 cents less than one month ago, and 39.9 cents lower than the price one year ago. Notably, it has seen a decrease of $1.913 since reaching a record high of $5.016 on June 14, 2022.