Gas prices in LA see biggest drops since April 2020 – NBC Los Angeles

On the positive side, gasoline prices did not rise overnight.

But the reality is that they remain high after the average price of a gallon of self-serve regular gasoline in Los Angeles County posted its biggest drop since April 2, 2020, dropping 1.9 cents. at $6,038.

The average price has fallen 3.2 cents over the past five days, including 1.2 cents on Wednesday, after a 32-day streak of increases totaling $1,283, according to figures from the AAA and Oil Price Information Service. . That’s seven tenths of a cent more than a week ago, $1,152 more than a month ago, and $2,089 more than a year ago.

To collect your $20 gas card, drop off at least 3,000 lbs of iron, tin, cardboard, newspapers or trash. Report by Chuck Henry on March 30, 2022.

The Orange County average price recorded its biggest decline since April 8, 2020, falling 1.8 cents to $5.994. It has fallen 3.3 cents in the past five days, including 1.7 cents on Wednesday, after a 35-day streak of increases totaling $1.277.

Orange County’s average price is half a cent higher than a week ago, $1.139 higher than a month ago and $2.06 higher than a week ago. one year old.

According to the Oil Price Information Service, West Coast gasoline traders attributed the decline to the influx of imported gasoline and gasoline components, easing supply concerns. We should see further declines in pump prices until wholesale prices recover.

On Thursday, President Biden is expected to order the release of up to 1 million barrels of oil a day from the country’s strategic petroleum reserve, according to two people familiar with the decision. The move is an attempt to rein in energy prices that have soared as the United States and its allies imposed tough sanctions on Russia for its invasion of Ukraine.

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