An 18-day streak of increases to the average price of a gallon of self-serve regular gasoline in Los Angeles County ended Monday when it dropped one-tenth of a cent to $6.459.
The average price rose 36.9 cents during the streak, including two- tenths of a cent Sunday, according to figures from the AAA and the Oil Price Information Service. Records were set each of the past 16 days.
A 17-day streak of increases to the Orange County average price ended with a decrease of two-tenths of a cent to $6.408. It rose 35.1 cents during the streak, including two-tenths of a cent both Saturday and Sunday. Records were set each of the past 16 days.average price is 6.7 cents more than one week ago, 53.4 cents higher than one month ago and $2.205 greater than one year ago.
Crude oil costs account for slightly more than half of the pump price, according to the U.S. Energy Information Administration. The rest of the price includes the other components of gasoline, production costs, distribution costs, overhead costs for all involved in production, distribution and sales, taxes and carbon offset fees in California paid by the refineries.
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