LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose today for the 38th consecutive day and 58th time in 59 days, increasing three-tenths of a cent to $3.922, its highest amount since Nov. 22, 2019.
The average price has increased 57.4 cents in the past 59 days, including six-tenths of a cent on Thursday, according to figures from the AAA and Oil Price Information Service. It is 6 cents more than one week ago, 31.8 cents higher than one month ago and 56.5 cents greater than one year ago.
The Orange County average price rose for the 39th consecutive day and 72nd time in 73 days, increasing three-tenths of a cent to $3.905, its highest amount since Nov. 20, 2019. It has increased 68.1 cents in the past 73 days, including four-tenths of a cent on Thursday.
The Orange County average price is 4.9 cents more than one week ago, 30.9 cents higher than one month ago and 60.8 cents greater than one year ago.
“Oil Price Information Service reported Wednesday that wholesale prices are now dropping on news that some gasoline components that were in short supply have now arrived from overseas,'' said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
“Also, OPIS reported that Arizona supply issues are resolving as Texas refineries return to full production, so California refineries are sending less gasoline to Arizona.''
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