The average price of a gallon of self-serve gasoline in Los Angeles and Orange counties reached $6/gallon Tuesday for the first time since mid-October.
The average price in Los Angeles County rose 11.2 cents to $6.027, the first time above $6 since Oct. 18, while the average price in Orange County rose 11 cents to $6.022, the first time above $6 since Oct. 16. according to AAA figures. and oil price information service.
The average price in Los Angeles County has risen 53 times in 58 days, up $1.054, including 4.8 cents on Monday and 13.6 cents on Sunday. The average price in Orange County has risen 51 times in 57 days, up $1.121, including 4.2 cents on Monday and 16.7 cents on Sunday.
It is 47 cents more than a week ago, 69.8 cents higher than a month ago and 59.3 cents more than a year ago. It has fallen 46.7 cents since rising to a record $6.494 on October 5.
The average price in Orange County is 48.4 cents more than a week ago, 73.8 cents higher than a month ago and 63.3 cents higher than a year ago. It has fallen 43.7 cents since rising to a record $6.459 on October 5.
Prices in Riverside County followed a similar trend, rising 5.4 cents to $5,746. It has increased steadily in 52 of the past 58 days. According to figures from AAA and the Oil Price Information Service, the average price is 35.9 cents more than a week ago, 57.2 cents more than a month ago and 43.7 cents more than a year ago. It has fallen 62.7 cents since rising to a record $6.373 on October 5.
The rising pump prices are the result of rising crude oil prices due to “oil supply cuts in Saudi Arabia and Russia, plus concerns about disruptions to oil exports from Libya after deadly floods in that OPEC country,” says Doug Shupe, Automobile Club of Southern California’s corporate communications manager.
“Problems with refineries in Southern California have led to lower inventories, which is also putting upward pressure on pump prices,” Shupe said.
“It is hopeful that we will see relief as early as the end of this month, when some gasoline shipments are likely to end up on the West Coast. We will also see additional relief as cheaper, winter fuel comes onto the market. the end of October.”
An eleven-day streak of increases in the national average price totaling 7.8 cents ended when it fell a tenth of a cent to $3.88. It is 4.4 cents more than a week ago, 1.1 cents more than a month ago and 20.3 cents more than a year ago.
The national average price has fallen $1,136 since rising to a record $5,016 on June 14, 2022.
KCAL news staff
