Average Southland gas prices drop for 50th consecutive day

The average price of a gallon of self-serve regular gasoline in Orange County decreased Wednesday for the 50th consecutive day since rising to a record, dropping 2.5 cents to $5.497, its lowest amount since March 7.

According to figures from AAA and the Oil Price Information Service, the cost has decreased 91.1 cents over the past 50 days, including 2.2 cents Tuesday. The run of dropping prices follows a 17-day streak of increases totaling 35.1 cents.

The Orange County average price was 14.2 cents less than a week earlier and 70.3 cents lower than a month ago, but $1.147 more than a year ago. It has dropped 91.3 cents since a record $6.41 on June 12.

Los Angeles County also saw a decrease for the 50th consecutive day on Wednesday, dropping 2.6 cents to $5.599, its lowest amount since March 8.

The average price in L.A. County has dropped 86.3 cents since rising to a record $6.462 on June 14, including 1.5 cents Tuesday, following an 18-day streak of increases totaling 36.9 cents. It is 12.9 cents less than a week ago and 69 cents lower than a month ago, but $1.219 more than a year ago.

The national average price of a gallon of gas dropped for the 50th consecutive day Wednesday following an 18-day streak of increases, decreasing 2.6 cents to $4.163. It has dropped 85.3 cents since rising to a record $5.016 on June 14, including 2.3 cents Tuesday, after rising 41.5 cents during the 18 days of increases.

The national average price was 13.9 cents less than a week ago and 64.9 cents lower than a month ago, but it is 98.1 cents more than a year ago.

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