Average L.A. Gas Price Rises For Eighth Consecutive Day


U.S. Gas Prices Soar To Record National Average

LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose today for the eighth consecutive day after dropping 26 times in 27 days to its lowest amount since March 25.

The average price rose six-tenths of a cent Wednesday to $3.671. It has increased 10.3 cents over the past eight days, including four-tenths of a cent on Tuesday, according to figures from the AAA and Oil Price Information Service.

The average price is 10.1 cents more than one week ago and eight- tenths of a cent higher than one year ago but 1.6 cents less than one month ago.

The Orange County average price rose for the sixth consecutive day, increasing seven-tenths of a cent to $3.643. It has risen 9.4 cents over the past six days, including a half-cent on both Monday and Tuesday.

The Orange County average price is 9.4 cents more than one week ago and 3.7 cents higher than one year ago but nine-tenths of a cent less than one month ago.

The increasing pump prices stem from Southern California refiners buying gasoline supply on the wholesale market last week, which drove wholesale prices up by about 30 cents, according to Marie Montgomery of the Automobile Club of Southern California.

Photo: Getty Images


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