Southland Gas Prices Are Spiking

posted by City News Service - 

LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County spiked another 1.2 cents today to $3.748, the fourth consecutive increase of 1 cent or more.

The average price is 7.3 cents more than one week ago, 11.8 cents higher than one month ago and 61.1 cents higher than one year ago, according to figures from the AAA and Oil Price Information Service. It has risen 59.7 cents since the start of the year.

The Orange County average price jumped 1.5 cents for the second straight day and is now $3.704. It is 8.3 cents more than one week ago, 13.7 cents higher than one month ago and 59.6 cents higher than one year ago. It has risen 58.5 cents since the start of the year.

“Local gasoline demand continues to be strong while refineries are making less fuel as they convert to production of winter-blend gasoline that can be sold in pumps starting Nov. 1,” said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager. “Those factors have prevented prices from dropping.”

Photo: Getty Images

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