Friday, February 16, 2024

Average LA County Gas Price Rises for 22nd Consecutive Day

CITY NEWS SERVICE

The average price of a gallon of self-serve regular gasoline in Los Angeles County rose Friday for the 22nd consecutive day, increasing nine-tenths of a cent to $4.806, one day after rising 1.9 cents.

The average price has risen 26.7 cents over the past 22 days, according to figures from the AAA and Oil Price Information Service. The streak of rising prices began one day after the end of a 20-day streak of decreases totaling 21.8 cents that dropped the average price to its lowest amount since Jan. 24, 2023.

The average price is 7.7 cents more than one week ago, 18.9 cents higher than one month ago and 6.3 cents greater than what it was one year ago. It has dropped $1.688 since rising to a record $6.494 on Oct. 5, 2022.

“Southern California refineries are continuing to report planned and unplanned maintenance, which creates supply uncertainty and drives up prices at the pump,” said Doug Shupe, the Automobile Club of Southern California’s corporate communications manager.

The national average price rose for the 10th consecutive day, increasing six-tenths of a cent to $3.284. It has risen 13.9 cents over the past 10 days, including 3.1 cents Wednesday and 2.2 cents Thursday.

The national average price is 11.8 cents more than one week ago and 21.2 cents higher than one month ago but 13.8 cents less than one year ago. It has dropped $1.732 since rising to a record $5.016 on June 14, 2022.