LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose today for the 18th consecutive day and 38th time in 39 days, increasing 1.3 cents to $3.736, its highest amount since Dec. 9, 2019.
The average price has increased 38.8 cents in the past 39 days, including 1.8 cents on Friday, according to figures from the AAA and Oil Price Information Service. It is 11.5 cents more than one week ago, 29 cents higher than one month ago and 17.1 cents greater than one year ago.
The Orange County average price rose for the 19th consecutive day and 52nd time in 53 days, increasing 1.2 cents to $3.724, its highest amount since Dec. 4, 2019. It has increased 50 cents in the last 53 days, including 1.8 cents on Friday.
The Orange County average price is 11.2 cents more than one week ago, 31.3 cents higher than one month ago and 20.8 cents greater than one year ago.
The Texas deep freeze is the latest factor in the rising prices following trader activity in the futures markets and rising crude oil prices.
“While California refineries receive no oil supply from Texas, they do supplement gasoline supply to Arizona, and the Texas refineries' temporary closure has diverted some California gasoline production to Arizona,'' said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
PHOTO CREDIT: Getty Images