LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose today for the 14th consecutive day and 19th time in 20 days, increasing 1.4 cents to $3.337.
The average price has risen 12.5 cents over the past 20 days to its highest amount since March 19, according to figures from the AAA and Oil Price Information Service. It is 5.9 cents more than one week ago and 18.6 cents higher than one month ago but 26.7 cents less than one year ago.
The Orange County average price rose for the 11th consecutive day to its highest amount since March 18, increasing 1.1 cents to $3.318. It is 5.6 cents more than one week ago and 18.6 cents higher than a month ago but 23.2 cents less than one year ago.
Pump prices are rising at their highest rate since June because crude oil is at its highest price in nearly a year -- in large part because of Saudi Arabia's announcement that it would cut production in response to lower expected demand in 2021, according to Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
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