It is the lowest amount it has been since March 7.
"The last time gas prices dropped so steeply in a one-month period was from October to November 2012 after the state resolved a summer-blend gasoline supply crisis by allowing stations to begin selling winter-blend a few weeks early," said Doug Shupe, the Automobile Club of Southern California's corporate communications manager.
The average price has dropped 95.3 cents since rising to a record high of $6.462 on June 14, including 2.9 cents Friday, according to figures from the AAA and the Oil Price Information Service. It is 14.9 cents less than one week ago and 75.5 cents lower than one month ago, but $1.128 more than one year ago.
The Orange County average price also decreased for the 53rd consecutive day, dropping 3.7 cents to $5.40, its lowest amount since March 6. The Orange County average price is 15.8 cents less than one week ago and 77 cents lower than one month ago, but $1.051 more than one year ago. It has dropped 1.01 cents since rising to a record $6.41 on June 12, including 3.7 cents Friday.
"Even though average gas prices are now well above $5 a gallon in Southern California, most metro areas now have several stations priced under $5 a gallon," added Shupe.
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