L.A. Gas Prices Hit New Record High

0

Los Angeles gasoline prices hit a new record high for the first time since April 13 as prices rose for a second straight week, fueled by high summertime demand, said the Automobile Club of Southern California. Two weeks ago, per-gallon costs in L.A. stayed constant after price increases slowed over a five-week period.


The average price for regular self-serve unleaded gasoline in the Los Angeles-Long Beach area rose 8.9 cents to $2.693 on Friday from $2.604 one week ago. The new price trumped the April 13 record of $2.625. The price was $2.555 per gallon one month ago and $2.099 one year prior.


“The high summertime demand for gasoline coupled by recent refinery outages around the country are causing the spike in crude oil and pump prices,” said Auto Club spokeswoman Carol Thorp. “Motorists can expect prices to continue rising through the Labor Day weekend. After that, demand typically falls and prices should begin declining.”


The Orange County area had the lowest average price in Southern California, gaining 9.1 cents to $2.673. While the Santa Barbara-Santa Maria-Lompoc area had the highest gas price, rising 6.7 cents to $2.763, Bakersfield had the largest increase of the week, edging up 12.4 cents to $2.708. All of the areas surveyed hit new price records.


The Weekend Gas Watch monitors the average price of gasoline as of 12:01 a.m. each Friday.

No posts to display