Los Angeles gas prices fall for 16th day in a row, likely to keep dropping

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Gas prices in Los Angeles fell to a 16-day low Friday, down almost 34 cents from a week ago — a trend experts are hopeful will continue.

After reaching record highs earlier this month following refinery outages across the state, gas prices in Los Angeles fell to $5.87 on Friday, according to data from the American Automobile Assn. The statewide average fell to $5.83, with California leading the nation in decreases this past week, dropping more than 30 cents below the average from seven days prior.

“A lot of the problems that led to a surge in prices have been addressed,” said Patrick De Haan, an oil and gas analyst for GasBuddy. “It’s been a pretty nice drop, and pretty quick really.”

Barring any drastic changes to the market, De Haan said he expects prices will continue to decrease across Los Angeles and California.

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