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LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose Tuesday to its highest amount since Nov. 28, increasing seven-tenths of a cent to $4.964, its fourth increase in five days.
The average price has risen 3.4 cents over the past five days, according to figures from the AAA and Oil Price Information Service. It rose three consecutive days, dropped one-tenth of a cent Monday and resumed increasing Tuesday.
The average price is 3.1 cents more than one week ago, 15.5 cents higher than one month ago and 8.5 cents greater than one year ago. It has dropped $1.53 since rising to a record $6.494 on Oct. 5, 2022.
The Orange County average price rose to its highest amount since Nov. 21, increasing four-tenths of a cent to $4.912, its fourth increase in five days. It has risen 3.3 cents over the past five days, increasing three consecutive days, dropping two-tenths of a cent Monday and resuming increasing Tuesday.
The Orange County average price is 3.1 cents more than one week ago, 14.8 cents higher than one month ago and 8.5 cents greater than one year ago. It has dropped $1.547 since rising to a record $6.459 on Oct. 5, 2022.
The national average price rose for the seventh consecutive day, increasing 2.2 cents to $3.489. It has increased 9.5 cents over the past seven days, including sixth-tenths of a cent Monday.
The national average price is 13.5 cents more than one month ago and 5.9 cents higher than one year ago. It has dropped $1.527 since rising to a record $5.016 on June 14, 2022.
"Most Americans continued to see average gasoline prices march higher last week," said Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations.
"The reason is the season: gasoline demand is rising as more Americans are getting out, combined with the summer gasoline switchover, which is well underway, and continued refinery maintenance. The madness should slow down in the next few weeks as we've seen positive data that refinery output is starting to increase, a sign that the peak of maintenance season could be behind us."