SoCal Gas Prices Rise By Largest Amount Since Feb - New York News

SoCal Gas Prices Rise By Largest Amount Since Feb

Posted: Updated:
Los Angeles, CA -

(CNS) The average price of a gallon of self-serve regular gasoline in Los Angeles County recorded its largest daily increase since Feb. 2 today, rising 3.9 cents to $3.996, one day after a 2.4-cent increase.

The average price has risen six consecutive days and is 9.8 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 5.3 cents lower than last month and 23.2 cents less than one year ago

The Orange County average price also recorded its largest daily increase since Feb. 2, rising 4 cents to $3.977, 11.3 cents more than one week ago but 4.7 cents less than one month ago and 22.8 cents lower than it was one year ago.

The Orange County average price has increased six 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.

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