Gas Prices Back Under $4 Per Gallon
LOS ANGELES (CBSLA.com) — For the first time in over two months, the average price for a gallon of gasoline in Los Angeles County fell Thursday to under $4.
Gas prices dropped 1.2 cents to $3.988 after falling 43 times in 44 days for a total drop of 31.2 cents, according to data from Automobile Association of American (AAA) and Oil Price Information Service.
The dip marked a 4.7-cent drop from less than one week ago and just under 25 cents lower than one year ago.
Prices in Orange County also dropped by 1.1 cent to $3.951, its lowest amount since Feb. 1, marking the 46th time in the past 50 days average gas prices have fallen.
In March, analysts with AAA forecast gas prices would continue to fall in the Los Angeles-Long Beach area after the impact of price cuts in crude oil gradually moves from the retailer to the consumer.