April 20, 2024 3:36 pm

Gasoline Prices Fluctuate in Los Angeles and Orange County

The price of self-serve regular gasoline in Los Angeles County experienced a slight increase on Monday, rising by three-tenths of a cent to reach $4.938 per gallon. This uptick follows a drop of three-tenths of a cent the previous day, marking the end of a streak of 15 consecutive increases. Despite the recent fluctuations, the current average price remains higher than it has been in recent months, standing at its highest level since December 1st.

Compared to a week ago, the average price in Los Angeles County has increased by 3.5 cents, and it is now 18.8 cents higher than it was one month ago. However, it is worth noting that the current price is 1.1 cents lower than it was at the same time last year. Since reaching a record high of $6.494 on October 5th, 2022, the price has dropped by $1.556.

Meanwhile, in Orange County, the average price remained unchanged at $4.886 per gallon, following a slight decrease of four-tenths of a cent the previous day. Similar to Los Angeles County, the average price in Orange County has increased by 1.2 cents compared to a week ago and by 16.7 cents compared to one month ago. However, it is 2.1 cents lower than it was at this time last year. Since reaching a record high of $6.459 on October 5th, 2022, the price has dropped by $1.573.

Nationally, the average price of gasoline rose three-tenths of a cent to $3.397 per gallon, one day after experiencing a similar decrease. Compared to a week ago, the national average has increased by 4.5 cents, and it is now 20.8 cents higher than it was one month ago. Despite these recent increases, the current price is 7.7 cents lower than it was at the same time last year. Since reaching a record high of $5.016 on June 14th, 2022, the national average price has dropped by $1.619.

Andrew Gross, an AAA national public relations manager, noted that the approaching spring season typically brings longer days, better weather, and increased opportunities for travel, leading to rising gasoline demand. However, he emphasized that this trend is a common occurrence seen every year during this time.