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LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose two-tenths of a cent today to $4.591 one day after dropping one-tenth of a cent.
The average price is at its highest amount since Oct. 17, 2012, and 1.5 cents more than one week ago, 16 cents higher than one month ago and $1.433 greater than one year ago, according to figures from the AAA and Oil Price Information Service.
The Orange County average price rose four-tenths of a cent to $4.546, one day after dropping two-tenths of a cent. It is eight-tenths of a cent more than one week ago, 14.7 cents higher than one month ago and $1.426 greater than one year ago.
The increases to the pump price have been reduced because stations were allowed to start selling the winter blend of gasoline, which is generally cheaper to produce, on Monday and the oil price has stabilized, according to Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
The price of a barrel of West Texas intermediate crude on the New York Mercantile Exchange has dropped from its 52-week high of $84.65 hit Oct. 26, 2021, to $81.27 Friday.