The price of gasoline in Orange County remains unchanged
The average price of gasoline in Orange County, California, remained stable after a recent downturn. It was $4.92 per gallon.
This is the same as the previous day after a slight decrease of 0.4 cents. Compared to a week ago, the average price of gasoline in Orange County is 2.9 cents higher. And over the past month, it's up 7.2 cents. However, on a year-over-year basis, the price of gasoline in Orange County is down 93.5 cents.
You can follow the average price of gasoline at online AAA Gas.
An important factor influencing the rise in oil prices is the increase in the cost of oil in the world market. This is causing the cost of gasoline to rise despite the reduced demand after Independence Day. "Gas demand decreased by almost 10% after the holidays. As people returned to their usual highway activity," commented AAA Gas spokesman Andrew Gross.
Despite this, we can expect a decrease in gasoline prices in the future. As the decrease in demand will affect the market situation," experts say.
It should be noted that the last week saw significant changes in gasoline prices in some states. According to AAA Gas, the largest price increases occurred in Florida (+11 cents), Indiana (+10 cents), Colorado (+7 cents), North Carolina (+7 cents), Georgia (+6 cents), Texas (+6 cents), California (+6 cents), Maryland (+5 cents). Some states, however, such as Utah (-5 cents) and Arizona (-5 cents) saw a decrease in gasoline prices.
Meanwhile, in Los Angeles, the average price of a gallon of regular self-serve gasoline dropped to $4.988. Gasoline prices continue to be monitored. And drivers are hoping for stabilization and further reductions in fuel prices.
Team Socium.Network further monitors changes in gasoline prices.
Thank you for reading us!