Wednesday, February 7, 2018

The average price of a gallon of self-serve regular gasoline in Los Angeles County rose six-tenths of a cent to $3.444, its highest amount since September 2015.

The average price has increased 16 consecutive days, rising 19.7 cents, including a half-cent on Friday, according to figures from the AAA and Oil Price Information Service. It is 8 cents more than one week ago, 28.8 cents higher than one month ago and 54.9 cents greater than one year ago.

The average price has risen 29.4 cents since the start of the year.

The Orange County average price also rose today to its highest amount since September 2015, increasing eight-tenths of a cent to $3.421. It has risen 17 consecutive days, increasing 21.3 cents, including four-tenths of a cent last week.

The Orange County average price is 8.7 cents more than one week ago, 29.8 cents higher than one month ago and 52.2 cents greater than one year ago.

The average price has risen 30.5 cents since the start of the year.

“Oil industry analysts reported this week that part of the price surge includes the higher costs of producing the summer blend of gasoline, even though that blend is not required for use in California gas pumps for two more months,” said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.

“The California Energy Commission also reports this week that the state' gasoline production has dropped by about 12 percent in the last two weeks as refinery maintenance season begins. Along with higher oil costs, these factors are pushing up gas prices and prompting more investment in California gasoline futures, which further increases prices.”