LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose 1 cent today to $3.806.
The average price is 11.3 cents more than one week ago, 15.2 cents higher than one month ago and 68.4 cents greater than one year ago, according to figures from the AAA and Oil Price Information Service. It has risen 65.6 cents since the start of the year because of higher oil prices.
The Orange County average price rose seven-tenths of a cent to $3.761, 11.8 cents more than one week ago, 16.2 cents higher than one month ago and 67.9 cents greater than one year ago. It has risen 64.5 cents since the start of the year.
“Los Angeles wholesale and rack fuel prices are near their highest levels of the year as investors worried about sufficient summer-blend supplies after an unexpected breakdown at the Chevron El Segundo refinery,” said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
Rack prices are what retailers pay on delivery.
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