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LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose 1.3 cents today to $4.464 one day after increasing six-tenths of a cent.
The average price is at its highest amount since Oct. 22, 2012, and 2.9 cents more than one week ago, 6.3 cents higher than one month ago and $1.273 greater than one year ago, according to figures from the AAA and the Oil Price Information Service.
The Orange County average price rose 2 cents to $4.433, one day after increasing four-tenths of a cent. It is at its highest amount since Oct. 22, 2012, and 2.9 cents more than one week ago, 7.5 cents higher than one month ago and $1.277 greater than one year ago.
“The last time that prices were this high, it was in response to a shortage of summer blend gasoline and the governor (Jerry Brown) stepped in to allow early sales of winter blend to alleviate the crisis,'' said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
“This year, there is not a shortage crisis, and the high prices are due to a combination of higher oil prices, inflationary pressures which add to higher overhead costs for gas stations, carbon costs for refineries and higher taxes.''
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