After Two Months of Daily Price Drops, Gas Increases by a Penny

Gasoline prices dropped in L.A. and Orange County for the 62nd time in 64 days, but rose again on Saturday.

Prices per gallon now average $3.76 in Orange County, a low not seen since February and March of this year.

After seeing consistent declines over the past two months, prices in Orange and Los Angeles counties saw a 1-cent increase Saturday.

Gas still remains costlier than one year ago, when L.A. County averaged prices of 65.8 cents less and Orange County prices were 64 cents less per gallon.

Over the past two months, L.A. and Orange County prices have fallen about 51 cents.

Jeffrey Spring of the Automobile Club of Southern California said price decreases slowed in the past week as a result, in part, of a weakening dollar.

"Oil futures are traded in U.S. dollars, which means that when the dollar weakens, investors, including those holding foreign currencies, get comparatively more oil for their money," Spring said. "This makes crude oil a more attractive investment, which pressures prices upward."