Southern California drivers are getting more relief at the gas pump, with the average cost of a gallon of regular gas in Los Angeles County slipping below $5.50.
Gas prices have fallen from recent record highs nationwide because oil prices and gasoline demand have declined and gasoline supplies have increased, analysts said. But oil and gasoline prices are volatile creatures, and market watchers are mixed about when gas prices might drop below $5 a gallon in the state.
A gallon of regular gasoline cost $5.48 on average Monday in L.A. County, down nearly a dollar since peaking June 14 at $6.46, according to the American Automobile Assn. That's the lowest price since March 7.
