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Gas Prices Upward Trend Comes To A Halt In L.A.

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Jun 21, 2009 6:50 pm US/Pacific

Gas Prices Upward Trend Comes To A Halt In L.A.

LOS ANGELES On the one-year anniversary of gas prices hitting record levels, the price of fuel in the Los Angeles market went down Sunday.

The drop in prices ended a recent 48-day upward streak.

The average price of a gallon of self-serve regular gasoline in Los Angeles County fell two-tenths of a cent overnight, to $3.025.

Although that's 3.1 cents more than a week ago and 45.2 cents more than a month ago, it's $1.601 less than the record high of $4.626 in 2008.

According to figures from AAA and Oil Price Information Service, the average price rose 69.3 cents during the streak, including one-tenth of a cent Saturday.

In Orange County, the average price rose two-tenths of a cent to $3.023, a day after declining two tenths of a cent in the first daily decline May 2.

The Orange County average was 3.9 cents more than a week ago and 45.3 cents more than a month ago, but $1.572 less than a year ago.

(© 2010 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)

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