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LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County recorded its third consecutive increase of more than 1 cent today, rising 1.4 cents to $4.494, its highest amount since Oct. 20, 2012.
The average price has increased six consecutive days, rising 5.3 cents, including 1.6 cents on Saturday, according to figures from the AAA and the Oil Price Information Service. It is 7.2 cents more than one week ago, 9.3 cents higher than one month ago and $1.307 greater than one year ago.
The record price is $4.705, set on Oct. 9, 2012.
The Orange County average price also rose by more than 1 cent for the third consecutive day, increasing 1.4 cents to $4.466, its highest amount since Oct. 20, 2012. It has risen five of the past six days, increasing 6.3 cents, including 1.9 cents on Saturday.
The Orange County average price is 5.7 cents more than one week ago, 10.8 cents higher than one month ago and $1.317 greater than one year ago.
The Orange County record price is $4.69 set on Oct. 8, 2012.
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.