Gas Prices Take a Slight Dip in Los Angeles

News Summary

Residents in Los Angeles are experiencing a modest decrease in gas prices, with the average dropping to $4.464 per gallon. While this dip, only two-tenths of a cent, is minor, it follows a recent trend of fluctuating gas prices. Comparatively, prices are down significantly from last year and previous months, but potential increases loom due to upcoming tax changes and regulations. Meanwhile, Orange County has seen a slight uptick in prices. Drivers may increasingly consider alternative transportation as gas prices continue to fluctuate.

Gas Prices Take a Slight Dip in Los Angeles, But Watch Out for Future Increases!

Los Angeles residents are seeing a tiny reprieve at the pump, with the average price of a gallon of self-serve regular gasoline slipping down by two-tenths of a cent to $4.464. This small decrease follows a similar trend from the previous day, which saw a drop of just one-tenth of a cent. While this price change may not feel like a lot, it’s a sign of some ongoing fluctuations that Angelenos might find interesting.

Comparing Prices

If you’re tracking gas prices, it’s worth noting that this current average is now 0.9 cents lower than it was just a week ago. Even better news is that it’s down by 7.5 cents from a month ago, and a notable 11 cents lower compared to the same time last year. Remember when we saw those gas prices soar? The average shot up to a staggering $6.493 back in October 2022. From that peak, we’ve seen a welcome reduction of $2.029!

On the flip side, if you’re heading over to Orange County, be prepared for a slight uptick in prices. There, the average price ticked up by 0.8 cents to $4.418, following a small decrease of 0.4 cents the day before. It’s interesting to note, though, that this price is unchanged from a week ago, but 6.9 cents lower than a month ago, and 6.7 cents lower than last year. Just like in Los Angeles, Orange County has seen a significant drop of $2.04 from its peak of $6.458 last October.

Gas Prices in Context

lowest price levels of the year. This is a refreshing update for many drivers tired of hefty bills at the gas station. As for the national scene, the average price of gasoline has also dropped for the second consecutive day, settling at around $3.156. However, it’s interesting to see that this national average is 0.5 cents higher than a week ago, and 0.7 cents higher than last month, though still 29.9 cents lower than the same time last year. We saw a high of $5.016 back in June 2022, and since then, the average has dipped down by $1.86.

Future Hurdles Ahead

59.6 cents to 61.2 cents per gallon. Not only that, but diesel prices will also see a jump from 45.4 cents to 46.6 cents per gallon. These increases don’t come out of nowhere; they happen annually based on financial data. Plus, new amendments by California’s Air Resources Board (CARB) aim to encourage cleaner fuels but could send gas prices soaring. Some predictions say these changes could add as much as 65 cents to gas prices, with projections of nearly $1.50 increases by 2035!

5 to 8 cents per gallon. Nevertheless, fluctuating oil supply due to refinery closures could further complicate things. Major refinery shutdowns might eliminate around 300,000 barrels of oil production daily by 2026, potentially straining gas supplies even further.

Driver Behavior in Response to Prices

$4.85, a number that’s causing many to think twice before filling up their tanks.

Deeper Dive: News & Info About This Topic

HERE Resources

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Additional Resources

• MyNewsLA: Little Change to Average LA County Gas Price Again
• Wikipedia: Gasoline
• Los Angeles Times: Ready for a Summer Road Trip?
• Google Search: California gas prices
• Stacker: How Gas Prices Have Changed in Los Angeles
• Google Scholar: California gas prices
• ABC7 News: California Gas Prices Could Top $8 Gallon
• Encyclopedia Britannica: Gasoline prices
• NBC Los Angeles: Gas Prices Rise on July 1
• Google News: California gas prices increase

Author: STAFF HERE HUNTINGTON BEACH

The Huntington Beach Staff Writer represents the experienced team at HEREHuntingtonBeach.com, your go-to source for actionable local news and information in Huntington Beach, Orange County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Huntington Beach Surf City USA Marathon, the U.S. Open of Surfing, Fourth of July celebrations at the Huntington Beach Pier, and community festivals at Huntington Beach Central Park. Our coverage extends to key organizations like the Huntington Beach Chamber of Commerce and Visit Huntington Beach, plus leading businesses in retail, hospitality, and outdoor recreation that drive the local economy. As part of the broader HERE network, including HEREAnaheim.com, HERECostaMesa.com, HERESantaAna.com, and HERELosAngeles.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.