Southland Gas Prices Rise Sharply

LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County recorded its largest daily increase since Feb. 17 today, rising 2.4 cents to $3.957.

Click here to find out which station is selling the cheapest gas in South Gate and Lynwood. 

The average price has risen five consecutive days and is 5.2 cents more than one week ago, according to figures from the AAA and Oil Price Information Service.

However, thanks to a 30-day streak of decreases immediately preceding the increases, the average price is 9.9 cents lower than last month and 27.2 cents less than one year ago

The Orange County average price today recorded its largest daily increase since Feb. 2, rising 3.5 cents to $3.937, 6.8 cents more than one week ago but 9.4 cents less than one month ago and 27.1 cents lower than it was one year ago.

The Orange County average price has increased five consecutive days after decreasing 20 times in 21 days.

The increasing pump prices follow a rise in the wholesale gasoline price which analysts attribute to record low stockpiles of gasoline stemming from a drop in production caused by both scheduled refinery repairs and unplanned unit shutdowns.

From City News Service

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