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Gas Prices Set Christmas Day Record

This is the third consecutive year for the record books.

The average price of a gallon of self-serve regular gasoline in Los Angeles County set a record for Christmas Day, $3.587, erasing the previous record of $3.578 set last year, this despite decreasing 75 of the past 77 days.

This is the third consecutive year the average price has set a record for Christmas, according to figures from the AAA and Oil Price Information Service.

Prices are typically lower in the winter than the summer, when higher demand pushes prices up. The record price is $4.705, set on Oct. 9.

The average price fell two-tenths of a cent Tuesday, one day after increasing for the first time since Oct. 9, increasing one-tenth of a cent. It is 3.4 cents less than one week ago and 22 cents lower than one month ago, but nine-tenths of a cent more than one year ago.

The average price is at its lowest amount since Dec. 27, 2011.

The Orange County average price also rose to a Christmas Day record for a third consecutive year, increasing three-tenths of a cents to $3.554, topping the previous record of $3.553 set last year.

The increase was the second in three days after a 75-day streak of dropping prices ended when it rose two-tenths of a cent Sunday. The Orange County average price decreased six-tenths of a cent Monday.

The Orange County average price is 3.1 cents less than one week ago and 21.2 cents lower than one month ago, but one-tenth of a cent more than one year ago.

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