LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County was unchanged today, remaining at $3.189, one day after rising four-tenths of a cent to its highest amount since March 25.
The average price is 1 cent more than a week ago and 9.1 cents higher than one month ago but 46.8 cents less than one year ago, according to figures from the AAA and Oil Price Information Service. It has decreased 42.6 cents since the start of the year.
The Orange County average price was also unchanged, remaining at $3.174, one day after rising three-tenths of a cent to its highest amount since March 25.
The Orange County average price is eight-tenths of a cent more than a week ago and 9 cents higher than one month ago but 45.3 cents less than one year ago. It has decreased 37.1 cents since the start of the year.
“Production and inventory certainly are going up,” Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager, told City News Service.
“That, and the fact that oil prices have been relatively stable for the past five weeks means retail prices don't have any reason to go way up or way down right now.”