LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline dropped one-tenth of a cent today to $4.186 after rising 28 of the past 29 days to its highest amount since Oct. 19, 2019.
The average price rose 16.1 cents over the past 29 days, including one- tenth of a cent Saturday, according to figures from the AAA and Oil Price Information Service. It rose 21 consecutive days, dropped one-tenth of a cent May 15 and resumed rising last Sunday.
The average price is 1.4 cents more than one week ago, 16 cents higher than one month ago and $1.272 greater than one year ago. It has risen 95.4 cents since the start of the year, partly because of a run of 59 increases in 60 days totaling 57.9 cents that ended March 21.
The Orange County average price rose three-tenths of a cent to $4.141, its highest amount since Oct. 20, 2019, one day after dropping one-tenth of a cent. It is eight-tenths of a cent more than one week ago, 14.5 cents higher than one month ago and $1.26 greater than one year ago.
The Orange County average price has risen 93.3 cents since the start of the year mainly because of a run of 72 increases in 73 days totaling 68.1 cents that ended March 20.
The large price increases from one year ago are the result of significant decreases during the early stage of the coronavirus pandemic, when driving and demand dropped substantially because of stay-at-home orders intended to reduce the spread of the virus.
PHOTO CREDIT: Getty Images