LOS ANGELES (CNS) – The average price of a gallon of self-serve regular gasoline in Los Angeles County rose Tuesday for the 23rd time in 24 days, increasing six-tenths of a cent to $4.785, its highest amount since June 28.
The average price has risen 29.4 cents over the past 24 days, including three-tenths of a cent Monday, according to figures from the AAA and Oil Price Information Service. It rose a half-cent Jan. 26 and four-tenths of a cent Jan. 27, dropped four-tenths of a cent Jan. 28 and resumed increasing Jan. 29.
The average price is 10.4 cents more than one week ago and 29.2 cents higher than one month ago, but 2.2 cents less than one year ago. It has dropped $1.709 since rising to a record $6.494 on Oct. 5, 2022.
The streak of increases to the Orange County average price was extended to 22 days, but barely, rising one-tenth of a cent to $4.757, its highest amount since June 11. It has increased 32.2 cents over the past 22 days, including two-tenths of a cent Monday.
The Orange County average price is 8.4 cents more than one week ago and 31.5 cents higher than one month ago but four-tenths of a cent less than one year ago. It has dropped $1.702 since rising to a record $6.459 on Oct. 5, 2022.
The national average price was unchanged, remaining at $3.161, after rising six of the previous eight days, increasing 2.5 cents. It is 2 cents more than one week ago and 4.1 cents higher than one month ago but 11.8 cents less than one year ago.
The national average price has dropped $1.855 since rising to a record $5.016 on June 14, 2022.
“The national average has inched higher, driven primarily by sharp gas price increases on the West Coast, where refinery maintenance and outages have created a ripple effect in neighboring states, pushing prices higher in many communities,” said Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations.
“While most of the country has experienced a relatively quiet week for gas prices, the West Coast has seen rapid increases — a trend that should slow in the coming days. Although the surge remains isolated to the West for now, refinery maintenance will soon begin in other regions, and with the transition to summer gasoline blends underway, prices in most areas are likely to start rising in the weeks ahead.
“Meanwhile, oil prices remain subdued in the low $70s as President (Donald) Trump works on a potential peace deal between Russia and Ukraine — an event that, if realized, could have significant implications for oil markets in the months ahead.”
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