Southland Gas Prices Rise to Highest Amount Since 2015


Southland Gas Prices Rise to Highest Amount Since 2015

LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose two-tenths of a cent today to $4.076, its highest amount since July 31, 2015, one day after a 38-day streak of increases ended when the price was unchanged.

The average price is 5.1 cents more than one week ago, 69.4 cents higher than one month ago and 46.1 cents greater than one year ago, according to figures from the AAA and Oil Price Information Service.

The Orange County average price rose three-tenths of a cent to $4.047, its highest amount since July 31, 2015. It has risen 31 of the past 32 days, increasing 72.5 cents, including six-tenths of a cent on Thursday. It rose 29 consecutive days, dropped two-tenths of a cent on Wednesday and resumed increasing on Thursday.

The Orange County average price is 5 cents more than one week ago, 71.7 cents higher than one month ago and 46.3 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.

“Oil Price Information Service reported this week that California- blend gasoline has begun arriving by ship in Los Angeles from Europe, with some additional gasoline ingredients and supplies also being shipped from the Pacific Northwest and the Bay Area,” Spring said.

“However, the California Energy Commission on Wednesday released a report showing that California-blend gasoline production in state refineries is at an eight-year low, and so far it appears that maintenance and breakdown issues at six California refineries are continuing.”

Photo: Getty Images


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