LOS ANGELES (CNS) - A rise of two-tenths of a cent today extended the streak of increases to the average price of a gallon of self-serve regular gasoline in Los Angeles County to 37 consecutive days.
The average price has risen 71.2 cents during the streak to $4.071, its highest amount since July 31, 2015, according to figures from the AAA and Oil Price Information Service. It is 16 cents more than one week ago, 69.9 cents higher than one month ago and 46.9 cents greater than one year ago.
The Orange County average price rose three-tenths of a cent Tuesday to $4.04, its highest amount since Aug. 1, 2015. It has risen 29 consecutive days, increasing 71.8 cents, including a half-cent on Monday.
The Orange County average price is 16.5 cents more than one week ago, 71.7 cents higher than one month ago and 47.1 cents greater than one year ago.
The rising prices are the result of a series of refinery issues that have reduced supply, according to Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
The recent smaller increases stem from a drop in wholesale prices based “on information that some supply from outside California will be arriving soon” to ease the shortage, Marie Montgomery of the Automobile Club of Southern California told City News Service.
“However, I wouldn't expect prices at the pump to actually reverse course and drop soon,” Montgomery said.
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