LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose today for the 26th time in 27 days, increasing four-tenths of a cent to $4.183.
The average price has increased 15.7 cents over the past 27 days, including four-tenths of a cent Wednesday, to its highest amount since Oct. 20, 2019, according to figures from the AAA and Oil Price Information Service.
The average price rose 21 consecutive days, dropped one-tenth of a cent on Saturday and resumed rising Sunday. It is 1.7 cents more than one week ago, 16.3 cents higher than one month ago and $1.292 greater than one year ago.
The average price has risen 95.1 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 recorded its third decrease since April 27, dropping two-tenths of a cent to $4.138. It decreased three-tenths of a cent May 10 in the midst of a run of 17 increases in 18 days and a half-cent on Monday.
The Orange County average price is 1.2 cents more than one week ago, 14.5 cents higher than one month ago and $1.284 greater than one year ago. It has risen 93 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.
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