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Southern California gas prices fall for 22nd day – Orange County Register

Hype and headlines about the latest increase in California’s gas tax are being muted this week as gasoline prices continue to fall across Southern California.

The average price of a gallon of self-serve regular gasoline in Los Angeles County fell for the 22nd straight day and 23rd time in 24 days on Wednesday, down 1.9 cents to $6.264.

The average price has fallen 19.6 cents over the past 24 days, according to data from AAA and the Oil Price Information Service. Prices lower following an 18-day streak of gains of 36.9 cents.

The average price was 7.3 cents lower than a week ago and 10.2 cents lower than a month ago, but $1.934 higher than a year ago.

Orange County’s average price decreased for the 22nd day in a row and the 23rd time in 24 days, down 2.1 cents to $6.17. It has shed 24 cents over the past 24 days, including six-tenths of a percent on Tuesday. Prices fell following a 17-day streak of gains of 35.1 cents.

Orange County’s median price is down 8 cents from a week ago and down 17.1 cents from a month ago, but up $1.882 from a year ago.

The average price of a gallon of self-serve regular gasoline in Riverside County fell 2.5 cents to $6.151 today. Prices fell similarly in San Bernardino County, down 2 cents to $6.202 on Wednesday.

The average price is 8 cents lower than a week ago and 6.2 cents lower than a month ago, but $1.90 higher than a year ago, according to data from AAA and the Oil Price Information Service.

A gas tax increase of 2.8 cents per gallon took effect Friday.

The price declines in California and across the US have been linked to falling crude oil prices. Oil pared its decline below $100 a barrel on Wednesday as fears of a global slowdown outweighed continued supply disruptions and market tightness.

West Texas Intermediate fell 4.4%, with Brent falling below $100 a barrel. The international benchmark fell above $10 on Tuesday, its third biggest ever in dollar terms.

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