The Antelope Valley Times

Your community. Your issues. Your news.

  • Home
  • Latest News
  • Local
    • Palmdale
    • Lancaster
    • Los Angeles County
    • Littlerock
    • Lake Los Angeles
    • Rosamond
    • Edwards AFB
    • Acton
  • Crime
  • Politics
  • Education
  • Health
  • Business
  • Opinion
    • Advertise
    • About
    • Contact Us
    • Facebook
    • Twitter
    Show Search

Average LA County gas price drops for 22nd consecutive day

by The AV Times Staff • December 2, 2022 Leave a Comment

The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Friday, Dec. 2, for the 22nd consecutive day, decreasing 3.8 cents to $4.934, its lowest amount since March 2.

The average price has decreased 55 times in the 58 days since rising to a record $6.494 on Oct. 5, falling $1.56, including 4.8 cents Thursday, according to figures from the AAA and the Oil Price Information Service. The average price is 23.1 cents less than one week ago and 63.2 cents lower than one month ago, but 23.2 cents more than one year ago.

“Despite a record number of Southern California travelers hitting the road for Thanksgiving, average pump prices have dropped below $5 a gallon for the first time since early March,” said Doug Shupe, the Automobile Club of Southern California’s corporate communications manager.

“Oil Price Information Service reports a substantial drop in demand statewide and high unleaded gas inventories. This week Los Angeles wholesale gasoline prices reached their lowest level of 2022, and if that trend holds, we should see additional pump price reductions.”

The least expensive gas station prices are about $4.10 a gallon, “so it’s possible we will see stations charging less than $4 a gallon soon,” Shupe said.

The national average price dropped for the 23rd consecutive day, decreasing 2.2 cents to $3.448. It is 13 cents less than one week ago and 31.7 cents lower than one month ago, but 7 cents more than one year ago.

The national average price has dropped 35.7 cents over the past 23 days, including 2.5 cents Thursday. It is $1.568 lower than the record $5.016 set June 14.

–

Filed Under: Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Comments

  • Sylvester on Readers Speak Out! (January 2023): “Erwin “Jazz Hands” Schrödinge says “stupid cat”. Can you land on your feet when dropped from a height? Can you…” Jun 9, 07:39
  • Erwin "Jazz Hands" Schrödinger on Readers Speak Out! (January 2023): “stupid cat the manifestation of such property is a property within itself: a measurable and consistent duality. there is no…” Jun 9, 07:16
  • Schrödinger's Fungible Feline on Readers Speak Out! (January 2023): “As i live [or not live] and breathe [or not breathe] this is pure comedy gold Meee-owww!” Jun 9, 05:39
  • Alby on LA County Board OKs creation of LGBTQ+ commission: “I use to love throwing cat calls and horse knickers at woman, and now I hesitate to do so out…” Jun 9, 03:33
  • Tim Scott on Readers Speak Out! (January 2023): “LOL…more like fool you once. Trump fooled you so completely that now you are just a permanent fool swallowing whatever…” Jun 9, 00:28

Copyright © 2023 · The AV Times LLC. All rights reserved. Terms of Use