Average gas price in Los Angeles County sets record for 13th consecutive day

LOS ANGELES (CNS) -- The average price of a gallon of self-serve regular gasoline in Los Angeles County Thursday set a record for the 13th consecutive day, rising 1 cent to $6.424, extending its streak of increases to 15 consecutive days.

The average price risen 33.3 cents over the past 15 days, including 1.9 cents Wednesday, according to figures from the AAA and the Oil Price Information Service. It is 20.3 cents more than one week ago, 53.9 cents higher than one month ago and $2.179 greater than one year ago.

The Orange County average price set a record for the 13th consecutive day, rising six-tenths of a cent to $6.389, extending its streak of increases to 14 consecutive days. It has risen 33 cents over the past 14 days, including 1.1 cents Wednesday.

The Orange County average price is 18.9 cents more than one week ago, 56.2 cents higher than one month ago and $2.192 greater than one year ago.

The most expensive gas in US is at this Mendocino station at nearly $10 a gallon, GasBuddy says
EMBED More News Videos

It just keeps getting worse...a gas station in Mendocino is now charging nearly $10 a gallon. According to GasBuddy, it's the most expensive gas in the country.



The Los Angeles County average price has increased $1.628 since Russia's invasion of Ukraine on Feb. 24 sent shock waves through the oil market that have kept oil costs elevated,'' said Andrew Gross, an AAA national public relations manager. The Orange County average price has increased $1.612.

Crude oil costs account for slightly more than half of the pump price, according to the U.S. Energy Information Administration. The rest of the price includes the other components of gasoline, production costs, distribution costs, overhead costs for all involved in production, distribution and sales, taxes and carbon offset fees in California paid by the refineries.

The national average price rose 1.5 cents to $4.97, its 13th consecutive record and 17th in 18 days. It has increased 37.7 cents over the past 18 days, including 3.6 cents Wednesday.

Copyright © 2022 by City News Service, Inc. All Rights Reserved.