Average LA County Gas Price Rises To Highest Amount Since Oct. 15

LOS ANGELES (CNS) - The average price of a gallon of self-serve
regular gasoline in Los Angeles County rose today for the 20th time in 22 days,
increasing 2.3 cents to $6.139, its highest amount since Oct. 15.

The average price has risen 74.2 cents over the past 22 days,
including 1.5 cents Monday, according to figures from the AAA and Oil Price
Information Service. The average price rose 16 consecutive days, dropped nine-
tenths of a cent Thursday and 2.3 cents Friday, then resumed increasing
Saturday.

The average price is 11.2 cents more than one week ago, 78.3 cents
higher than one month ago and 29.9 cents above what it was one year ago. It has
dropped 35.5 cents since rising to a record $6.494 on Oct. 5.

The Orange County average price rose for the 23nd time in 25 days,
increasing 2.3 cents to $6.111, its highest amount since Oct. 13. The average
price has risen 79.5 cents over the past 25 days, including 1.5 cents Monday.
The Orange County average price rose 19 consecutive days, dropped 3.3
cents Thursday and 2.5 cents Friday, then resumed increasing Saturday. It is
8.9 cents more than one week ago, 81.7 cents higher than one month ago and 28
cents above what it was one year ago.

The Orange County average price has dropped 34.8 cents since rising to
a record $6.459 on Oct. 5.

The national average price resumed dropping, decreasing 1.1 cents to
$3.838, one day after six-day streak of dropping prices totaling 3.4 cents
ended when it rose two-tenths of a cent. It is 4.2 cents less than one week ago
but 1.8 cents more than one month ago and 11.3 cents higher than one year ago.
The national average price has dropped $1.178 since rising to a record
$5.016 on June 14, 2022.

``It's been a mostly quiet week for the national average price of
gasoline, with most states seeing gas prices cool off,'' said Patrick De Haan,
head of petroleum analysis at GasBuddy, which provides real-time gas price
information from more than 150,000 stations.

``But new and continued refinery issues in some regions have had an
oversized effect on gas prices in some states, especially in Southern
California, Arizona, and Nevada. While most states are likely to continue
seeing gasoline prices fall in the week ahead, any new refinery issues as
others begin maintenance could be problematic.''

— By City News Service