LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose today for the fifth consecutive day, increasing 1.6 cents to $4.48, its highest amount since Oct. 21, 2012.
The average price has increased 3.9 cents over the past five days, including 1.3 cents on Friday, according to figures from the AAA and the Oil Price Information Service. It is 4.6 cents more than one week ago, 8.1 cents higher than one month ago and $1.291 greater than one year ago.
The Orange County average price rose for the fourth time in five days, increasing 1.9 cents to $4.452, its highest amount since Oct. 21, 2012. It has risen 4.9 cents over the past five days, including 2 cents on Friday.
The Orange County average price is 4.6 cents more than one week ago, 9.2 cents higher than one month ago and $1.301 greater than one year ago.
High crude oil prices remain the main culprit for rising pump prices, according to the AAA. The price of a barrel of West Texas intermediate crude for November delivery on the New York Mercantile Exchange rose 97 cents Friday to $82.28, its highest closing price since Oct. 21, 2014.
The crude oil price has increased 129.9% from its 52-week low of $35.79 on Oct. 30 because of higher demand following the elimination of coronavirus-related restrictions.