LOS ANGELES—The average price of a gallon of self-serve regular gasoline in Los Angeles County decreased for the 40th consecutive day on July 24 since rising to a record, dropping 1.8 cents to $5.788, its lowest amount since April.
The average price has dropped 67.4 cents over the past 40 days, including 3.5 cents on Saturday, following an 18-day streak of increases totaling 36.9 cents, according to figures from the AAA and the Oil Price Information Service.
The average price is 18.2 cents less than one week ago and 58.4 cents lower than one month ago, but $1.432 more than one year ago. It has dropped 67.4 cents since rising to a record $6.462 on June 14….