LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County increased two-tenths of a cent today to $4.02, its highest amount since Nov. 15, 2019.
The average price has risen eight of the past nine days, including a half-cent on Monday, according to figures from the AAA and Oil Price Information Service. It is 3.9 cents more than one week ago, 9.3 cents higher than one month ago and $1.131 greater than one year ago.
The average price has exceeded $4 because of ``the continued recovery of fuel demand in Southern California and anticipation that demand will only grow once more pandemic-related restrictions are lifted'' and oil prices continuing to stay at higher levels, which adds to the cost of producing gasoline, according to Marie Montgomery, a public relations specialist with the Automobile Club of Southern California.
The Orange County average price rose for the eighth consecutive day, increasing eight-tenths of a cent to $3.993, its highest amount since Nov. 14, 2019. It has increased 4.3 cents over the past eight days, including one-tenth of a cent on Monday.
The Orange County average price is 4.2 cents more than one week ago, nine cents higher than one month ago and $1.133 greater than one year ago.
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