LOS ANGELES – The average price of a gallon of self-serve regular gasoline in Los Angeles County rose two-tenths of a cent Saturday to $4.864, one day after dropping three-tenths of a cent.
The average price is 1.1 cents more than one week ago and eight-tenths of a cent higher than one month ago but $1.155 less than one year ago, according to figures from the AAA and Oil Price Information Service. It has dropped $1.63 since rising to a record $6.494 on Oct. 5.
The Orange County average price dropped one-tenth of a cent for the second consecutive day after rising two-tenths of a cent Thursday. The average price of $4.821 is 1.7 cents more than one week ago but four-tenths of a cent less than one month ago and $1.155 less than one year ago.
The Orange County average price has dropped $1.638 since rising to a record $6.459 on Oct. 5.
The national average price rose three-tenths of a cent to $3.504. It has risen four consecutive days, increasing 6.9 cents, including 1.3 cents Friday.
The national average price is 6.4 cents more than one week ago and 14.5 cents higher than one month ago but 71.1 cents less than one year ago. It has decreased $1.512 since rising to a record $5.016 on June 14.
“Oil prices finally crested and have now settled above the $70 per barrel mark after weeks of hovering just below it and gas demand is very robust,” said Andrew Gross, an AAA national public relations manager. “These two factors will cause drivers to see prices increase for now.”