LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose two-tenths of a cent today to $4.174, the second slight increase following the end of a 21-day streak of increases.
The average price also rose two-tenths of a cent Sunday, one day after the streak of increases totaling 14.5 cents ended with a decrease of one-tenth of a cent, according to figures from the AAA and Oil Price Information Service.
The average price is 2.5 cents more than one week ago, 16.5 cents higher than one month ago and $1.299 greater than one year ago. It has risen 94.2 cents since the start of the year to its highest amount since Oct. 21, 2019, mainly because of a run of 59 increases in 60 days totaling 57.9 cents that ended March 21.
The Orange County average price recorded its second decrease since April 27, dropping a half-cent to $4.128. It decreased three-tenths of a cent last Monday in the midst of a run of 17 increases in 18 days that ended Saturday when it was unchanged.
The Orange County average price is 2.4 cents more than one week ago, 14.7 cents higher than one month ago and $1.289 greater than one year ago. It has risen 92 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.
Photo: Getty Images
Copyright 2021, City News Service, Inc.