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Average Southland Gas Prices Record Largest Drops Since April 2020

Published on Thursday, March 31, 2022 | 5:50 am

The average price of a gallon of self-serve regular gasoline in Los Angeles County recorded its largest decrease since April 2, 2020, Thursday, dropping 1.9 cents to $6.038.

The average price has dropped 3.2 cents over the past five days, including 1.2 cents Wednesday, following a 32-day streak of increases totaling $1.283, according to figures from the AAA and Oil Price Information Service. It is seven-tenths of a cent higher than one week ago, $1.152 more than one month ago and $2.089 greater than one year ago.

“Los Angeles wholesale gasoline prices have dropped substantially since Friday, although they are still higher than they were a month ago,” said Marie Montgomery, a public relations specialist with the Automobile Club of Southern California.

“According to Oil Price Information Service, West Coast gasoline traders attributed the drop to the arrival of imported gasoline and gasoline components, easing concerns about supply. We should see further price drops at the pump as long as wholesale prices don’t swing upward again.”

Industry price-watching website says the least expensive gasoline in Pasadena was being sold at Valero at 1600 E. Washington Blvd. where regular was $5.65 per gallon and premium went for $6.05 on wednesday.

Close behind was Garo Gas, 960 E. Washington Blvd., with regular at $5.73 and premium for $6.17. CTC Equity in Pasadena at 1414 E. Washington Blvd. was also selling regular at $5.73 but pumped premium for less, at $6.07.

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