Average LA County Gas Price Rises To Highest Amount Since 2012


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LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose today for the seventh consecutive day, increasing a half-cent to $4.499, its highest amount since Oct. 20, 2012.

The average price has increased 5.8 cents over the past seven days, including 1.4 cents on Sunday, according to figures from the AAA and the Oil Price Information Service. It is 9.8 cents more than one month ago and $1.309 higher than one year ago.

The record price is $4.705, set on Oct. 9, 2012.

The Orange County average price rose for the sixth time in seven days, increasing three-tenths of a cent to $4.469, its highest amount since Oct. 20, 2012. It has risen 6.6 cents over the past seven days, including 1.4 cents on Sunday.

The Orange County average price is 11 cents more than one month ago and $1.319 higher 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.

Copyright 2021, City News Service, Inc.


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