Gas Prices Drop To Lowest Since May 2009 In Southern California

LOS ANGELES (CBSLA.com) — Gas prices across Southern California dropped Monday to the lowest reported in nearly nine years.

In Los Angeles County, the average price of a gallon of self-serve regular gasoline decreased six-tenths of a cent to $2.396, hitting its lowest amount since May 9, 2009.

According to figures released by AAA and Oil Price Information Service, the average price has dropped 46 of the past 47 days, decreasing 67.9 cents, including 1.5 cents on Sunday.

The price of gasoline is currently 13.4 cents lower than it was a week ago, 47 cents lower than it was one month ago and 64.6 cents below what it cost in 2015.

In Orange County, the average price of a gallon of self-serve regular gasoline decreased 1.1 cents to $2.381, reaching its lowest amount since May 8, 2009.

The average price of gasoline continued to drop during 46 of the past 47 days, decreasing 68.8 cents, including 1.3 cents on Sunday.

The cost of fuel is currently just under 15 cents less than it was a week ago, 46.7 cents lower than it was a month ago and 66.3 cents below what it cost in 2015.

In the Inland Empire, a gallon of self-serve regular gasoline decreased a half-cent to $2.366, its lowest amount since May 7, 2009.

The average price of gasoline in Riverside and San Bernardino counties dropped for 42 consecutive days and 45 of the past 46 days, decreasing just under 67 cents, including nearly two cents on Sunday.

The cost of fuel is currently 14.4 cents less than it was a week ago, 47.2 cents lower than it was a month ago and 63 cents below what it cost in 2015.

(©2016 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)

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