Relief at the pump: California gas prices dip below $6 a gallon

What goes up must come down — and that includes California’s gas prices.

For the first time since May, the average price of California gas pumps has finally fallen below $6 a gallon and has fallen 20 cents since July 7, according to the American Automobile Assn.

The US average fell to $4.57 a gallon on Friday, down 10 cents since Monday.

“The drop in demand, along with falling oil prices, has helped push pump prices down,” AAA said in a statement. “As these supply-demand dynamics continue, drivers will likely continue to see price relaxation at the pump.”

And what a relief. After rising as high as $8.05 a gallon, gas prices in Los Angeles County have declined steadily over the past 30 days, hitting $6.02 a gallon on Friday, the lowest price since May 16, according to AAA.

Orange County has fallen even lower, averaging $5.90 a gallon.

Mono County, which sits on the California-Nevada border, has the highest median in the state at $7.05 per gallon, data from AAA shows. Madera and Sacramento counties have the lowest: $5.76.

While the state’s gas prices are significantly higher than last summer, experts are hoping the decline will continue as oil prices plummet.

“Less expensive oil usually means less expensive gas,” AAA spokesman Andrew Gross said in a statement.

https://www.latimes.com/california/story/2022-07-15/california-gas-prices-dip-below-6-gallon Relief at the pump: California gas prices dip below $6 a gallon

Alley Einstein

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