The drop in self-serve gas prices in LA county and surrounding areas sets records

Though the price of crude oil remains steady, the average self-serve price of gas at the pump in LA and Orange County has dropped dramatically since this past August. From an article in the Daily Breeze:

The average price of a gallon of self-serve regular gasoline fell 64 cents in the Los Angeles-Long Beach area since Aug. 18 and 67 cents in Orange County, according to the Auto Club.

“With price downturns averaging a penny a day or more in the last 60 days, this is a record rate of decline.”

This drop in price include an 8 cent average drop this past week. Wire reports are picking up this story in California primarily, however, some many pricing trends that start in California in various industries later spread eastward to the rest of the country. Motorists across the United States certainly hope that it does.

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