Business & Tech

Gas Gauge

L.A. and O.C. prices continue declining and Patch tells you the best prices around.

Gasoline prices dropped in L.A. and Orange County for the 62nd time in 64 days. Prices per gallon now average $3.78 in L.A. County and $3.76 to the south in Orange County, a low not seen since February and March of this year.


Both prices represent consistent declines over the past two months, however, prices in both counties saw a 1 cent increase Saturday.

Gas still remains costlier than one year ago, when L.A. County averaged prices of 65.8 cents less and Orange County prices were 64 cents less per gallon.

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Over the past two months, L.A. and Orange County prices have fallen about 51 cents.

Jeffrey Spring of the Automobile Club of Southern California said price decreases slowed in the past week as a result, in part, of a weakening dollar.

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"Oil futures are traded in U.S. dollars, which means that when the dollar weakens, investors, including those holding foreign currencies, get comparatively more oil for their money," Spring said. "This makes crude oil a more attractive investment, which pressures prices upward."

City News Service contributed to this report.

The stations currently selling the cheapest gas in the area are listed below. Local prices are according to GasBuddy.com and reflect prices reported within the last 24 hours.

 Sam's Club, 7480 Carson Street.

Regular $3.57, Premium $3.79

 ARCO, 1785 Bellflower Blvd. at Atherton St.

 $3.59 Regular, $3.79 Premium
Several other ARCO stations are also selling at $3.59 regular, but none are in the immediate Shore neighborhood.

 

 






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