Business & Tech

Los Angeles Area Gas Prices See Largest Weekly Spike Since March

The average price of regular gasoline has risen for the 11th consecutive day in Los Angeles County.

LOS ANGELES, CA — The average price of regular gasoline has risen for the 11th consecutive day in Los Angeles County, resulting in the biggest weekly price jump since March, according to the Auto Club’s Weekend Gas Watch.

Overall, higher oil prices and lower fuel production have pushed up gas prices by nine cents from last Thursday in most Southern California regions, AAA announced Friday.

The average price for self-serve regular gasoline in California is $4.53, which is seven cents higher than last week. The average national price is $3.37, which is also seven cents higher than a week ago.

Find out what's happening in Los Angelesfor free with the latest updates from Patch.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.54 per gallon, which is nine cents higher than last week, 14 cents higher than last month, and $1.36 higher than last year.

AAA data shows that gas prices in the Southland region increased to its highest amount since Oct. 9, 2012. Nine years ago, gas prices topped $4.71 for regular unleaded.

Find out what's happening in Los Angelesfor free with the latest updates from Patch.

“This is the biggest week-over-week price jump since March and there is not one obvious reason for it other than oil prices reaching multi-year highs, which has also affected pump prices around the U.S.,” said Auto Club spokesman Jeffrey Spring in a news release. “Prices in two California areas – San Francisco and San Luis Obispo – are now within a few cents of their all-time record levels, but most other California regions are about 20 cents below their highest-ever gas prices.”

The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on Oct. 21, averages are:

COURTESY: AAA

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