LOS ANGELES – The average price of a gallon of self-serve regular gasoline in Los Angeles County rose 1.5 cents Friday to $4.473.
The average price is 4.8 cents more than one week ago but 54.7 cents less than one month ago and 20.3 cents lower than one year ago, according to figures from the AAA and Oil Price Information Service. It is $2.021 less than the record $6.494 set on Oct. 5.
The Orange County average price rose for the seventh consecutive day after a run of 41 decreases in 42 days totaling $1.12, increasing 1 cent to $4.389. It has increased 7.3 cents over the past seven days, including four-tenths of a cent Thursday.
The Orange County average price is 7.3 cents more than one week ago but 50.9 cents less than one month ago and 25.9 cents lower than one year ago. It is $2.18 less than the record $6.459 set on Oct. 5.
Continued lower inventories and refinery production levels statewide have ended the hefty gas price decreases that started in October, according to Doug Shupe, the Automobile Club of Southern California’s corporate communications manager.
“Besides Southern California’s local supply drawdown, oil prices have also risen to nearly $80 a barrel after dropping to their lowest level of 2022 a few weeks ago, and that has impacted gas prices nationwide,” Shupe said.
The national average price rose for the sixth time in seven days following a 44-day streak of decreases totaling 70.9 cents, increasing 2 cents to $3.179. It has risen 8.3 cents over the past seven days, including 2.6 cents Thursday.
The national average price is 8.3 cents more than one week ago but 31.6 cents less than one month ago and 10.6 cents lower than one year ago. The national average price is $1.837 lower than the record $5.016 set June 14.
