LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose today for the fourth consecutive day, increasing 1.1 cents to $3.79.
The average price has risen 11.8 cents over the past four days, including 2.1 cents on Thursday, according to figures from the AAA and Oil Price Information Service. It is 11.8 cents more than one week ago, 20.5 cents higher than one month ago and 11.5 cents greater than one year ago. It has risen 39.9 cents since the start of the year.
The Orange County average price rose for the sixth consecutive day, increasing 1.2 cents to $3.757. It has risen 12.3 cents over the past six days, including 1.8 cents on Thursday.
The Orange County average price is 12.2 cents more than one week ago, 19.5 cents higher than one month ago and 13.6 cents greater than one year ago. It has risen 40.8 cents since the start of the year.
“On top of oil prices increasing earlier this week in reaction to an attack on Saudi oil production facilities, PBF Energy in Torrance reported flaring this week, which typically means there are production problems,” said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
“Despite these issues, oil prices dropped later in the week as the industry digested Saudi assertions that the country could repair damaged facilities relatively quickly.”
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