LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose today for the 14th consecutive day and 34th time in 35 days, increasing 1.5 cents to $3.665, its highest amount since Dec. 18, 2019.
The average price has increased 31.7 cents in the past 35 days, including 1.2 cents on Monday, according to figures from the AAA and Oil Price Information Service. It is 11.2 cents more than one week ago, 27.4 cents higher than one month ago and 9.4 cents greater than one year ago.
The Orange County average price rose for the 15th consecutive day and 48th time in 49 days, increasing 2.3 cents to $3.661, its highest amount since Dec. 8, 2019. It has increased 43.7 cents in the last 49 days, including eight-tenths of a cent on Monday.
The Orange County average price is 12 cents more than one week ago, 28.5 cents higher than one month ago and 14.3 cents greater than one year ago.
“One of the major factors behind rising gas prices in Southern California is trader activity in the futures markets, an indicator that traders see California gasoline as a good investment because it historically goes up in the spring,'' said Marie Montgomery, a public relations specialist with the Automobile Club of Southern California.
“There's not a lot of actual return of gasoline demand to pre-pandemic levels, but traders are predicting it will pick up once vaccine distribution is more widespread.''
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