LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose one-tenth of a cent today to $3.063, one day after increasing two-tenths of a cent.
The average price has increased 34 of the past 36 days, rising 18.8 cents to its highest amount since April 2, according to figures from the AAA and Oil Price Information Service. It rose 14 consecutive days, dropped one-tenth of a cent June 2, increased the next five days, decreased one-tenth of a cent June 8 and resumed increasing June 9.
The average price is 3.4 cents more than a week ago and 14.9 cents higher than a month ago but 67.1 cents less than one year ago. It has decreased 55.2 cents since the start of the year.
The Orange County average price rose seven-tenths of a cent to $3.045, its highest amount since April 2. It has increased 46 of the past 49 days, rising 27.5 cents, including four-tenths of a cent on Monday.
The Orange County average price is 5.3 cents more than one week ago and 16.4 cents higher than one month ago but 63.5 cents less than one year ago. It has dropped 50 cents since the start of the year.
The continuing rising prices are the result of increased demand and higher crude oil prices, according to Marie Montgomery, a public relations specialist with the Automobile Club of Southern California.
The crude oil price and supply and demand are the most important factors in the gas price. Crude oil prices have also been increasing recently because of increased demand.
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