Average L.A. County Gas Price Unchanged After Streak of 16 Straight Hikes

LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County was unchanged today at $3.348 -- breaking a streak of 16 straight daily increases.

The average price had risen 21 times in the previous 22 days, rising13.6 cents to its highest amount since March 19, according to figures from the AAA and Oil Price Information Service.

It is 5 cents above one week ago and 17.7 cents higher than one month ago, but 25 cents less than one year ago.

The Orange County average price, meanwhile, rose for the 14th consecutive day to its highest amount since March 17, increasing three-tenths of a cent to $3.331. It has risen 11.3 cents over the past 14 days.

The Orange County average price is 5.9 cents more than one week ago and 17.5 cents higher than a month ago, but 21.6 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 it would cut production in response to lower expected demand in 2021, according to Jeffrey Spring of the Automobile Club of Southern California.

The prices are rising despite continued low demand and stay-at-home orders in many parts of the state, Spring said.

Photo: Getty Images

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