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Gas under $2 per gallon at last!

January 16, 2015

“Drivers should be aggressively shopping for the lowest gas prices to encourage further quick drops at their local stations,” according to the Automobile Club of Southern California.

$1.99 gas can be found at the Mam Oil Station located at Slauson and Mayflower avenues.

This gas station is located at Slauson and Maywood avenues. (Korea Times / Park Sang-hyuk)

At one gas station in the downtown Los Angeles area, a gallon of regular gasoline price was down to $1.99 on Thursday. The low-priced gas can be found at the Mam Oil Station located at Slauson and Mayflower avenues.

The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped today to its lowest amount since May 20, 2009, decreasing 1.9 cents to $2.555.

The average price has dropped 11 consecutive days, decreasing 12.9 cents over that span, including 1.6 cents on Thursday, according to figures from the AAA and Oil Price Information Service. It is 9.2 cents less than one week ago, 32.5 cents lower than one month ago and $1.102 below what it was one year ago.

“Los Angeles wholesale gasoline prices this week collapsed to levels not seen since December 2008 — when average retail Los Angeles gas prices were $1.70 to $1.80,” said Jeffrey Spring, the corporate communications manager of the Automobile Club of Southern California.

“Drivers should be aggressively shopping for the lowest gas prices to encourage further quick drops at their local stations,” Spring said. “A ‘good’ price for gas today is between $2.25 and $2.40 per gallon in most Southern California areas.”

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City News Service materials were used in this article.