Streak of Rising Gasoline Prices Ends in L.A. County

A 14-day streak of increases ended Friday when the average price of a gallon of self-serve regular gasoline in Los Angeles County fell one-tenth of a cent to $3.829.

The average price increased 13.8 cents during the streak, including two- tenths of a cent on Thursday, according to figures from the AAA and Oil Price Information Service.

Despite the slight decrease, the average price is 5.2 cents more than one week ago, 2 cents higher than one month ago and 1 cent greater than one month ago.

The Orange County average price rose one-tenth of a cent today to $3.807, one day after a 13-day streak of increases ended when the average price was unchanged.

The Orange County average price is 5.9 cents more than one week ago, 4.1 cents higher than one month ago and a half-cent greater than one year ago. "With oil prices still hovering around $90 a barrel, there was still some upward pressure on gas prices in the last week," said Jeffrey Spring of the Automobile Club of Southern California. "However, prices in some California markets have ticked downward or stayed steady in the last day or two, so it's hard to know what the next week will bring."

The price of a barrel of benchmark West Texas Intermediate crude on the New York Mercantile Exchange rose 42 cents to $89.39 on Thursday.

Crude oil costs account for two-thirds to three-quarters of the price of a gallon of gasoline, said Tupper Hall of the Western States Petroleum Association, a trade association representing oil companies in six western states.

WHERE ARE THE LOWEST GAS PRICES IN Glendora?

Glendora residents can visit the Patch Commute page by clicking here, to find the lowest prices at the pump in our neighborhood.

- City News Service