LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose today for the 36th consecutive day and 56th time in 57 days, increasing nine-tenths of a cent to $3.913, its highest amount since Nov. 23, 2019.
The average price has increased 56.5 cents in the past 57 days, including nine-tenths of a cent on Tuesday, according to figures from the AAA and Oil Price Information Service. It is 7.6 cents more than one week ago, 35.7 cents higher than one month ago and 50.9 cents greater than one year ago.
The Orange County average price rose for the 37th consecutive day and 70th time in 71 days, increasing a half-cent to $3.898, its highest amount since Nov. 20, 2019.
It has increased 67.4 cents in the past 71 days, including 1.1 cents on Tuesday. It is seven cents more than one week ago, 35.6 cents higher than one month ago and 55.2 cents greater than one year ago.
Prices are rising because refinery utilization is at a record low -- tightening gas supplies. They're also up because the more expensive summer-blend fuel is in the marketplace; because of a modest increase in demand as people drive more; and because of higher crude oil prices stemming from the dollar's drop in value relative to other currencies, according to Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
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