LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County resumed increasing today, rising two- tenths of a cent to $4.172 one day after a 21-day streak of increases ended when it dropped one-tenth.
The average price rose 14.5 cents during the streak to its highest amount since Oct. 21, 2019, according to figures from the AAA and Oil Price Information Service. It is 2.7 cents more than one week ago, 18.3 cents higher than one month ago and $1.305 greater than one year ago.
The average price has risen 94 cents since the start of the year, mainly because of a run of 59 increases in 60 days totaling 57.9 cents that ended March 21.
The Orange County average price rose three-tenths of a cent to $4.133, one day after a run of 17 increases in 18 days ended when it was unchanged. It rose 12.2 cents during the run to its highest amount since Oct. 21, 2019.
The Orange County average price is 2.6 cents more than one week ago, 15.7 cents higher than one month ago and $1.299 greater than one year ago. It has risen 92.5 cents since the start of the year, mainly because of a run of 72 increases in 73 days totaling 68.1 cents that ended March 20.
The large price increases from one year ago are the result of significant decreases during the early stage of the coronavirus pandemic, when driving and demand dropped substantially because of stay-at-home orders intended to reduce the spread of the virus.
A more appropriate comparison would be with the average prices from two years ago. The Los Angeles County average price is 12.5 cents more than it was on May 16, 2019, while the Orange County average price is 11.5 cents more.
PHOTO CREDIT: Getty Images