Photo credit: Alexander Nguyen
Photo credit: Alexander Nguyen

The average price of a gallon of self-serve regular gasoline in Los Angeles County rose 1 cent Sunday to $2.684, one day after the largest daily increase since April 13, 2 cents.

The average price has increased three consecutive days following a 92- day streak of decreases and is a half-cent less than one week ago, 38.6 cents lower than one month ago and $1.015 below what it was one year ago, according to figures from the AAA and Oil Price Information Service.

The price dropped $1.069 during the 92-day streak of decreases to its lowest amount since May 25, 2009.

The Orange County average price rose eight-tenths of a cent to $2.656, one day after the largest increase since April 13, 2.1 cents.

The increase is the third in a row after dropping 32 consecutive days and 59 of the previous 60, decreasing 69.4 cents to its lowest amount since May 23, 2009.

The Orange County average price is two-tenths of a cent more than one week ago, but 37.1 cents less than one month ago and $1.03 lower than one year ago.

The increases come in connection with Thursday’s start of gasoline being covered under the Cap-and-Trade Program which requires fuel suppliers to reduce greenhouse gas emissions by supplying low-carbon fuels or purchasing pollution permits to cover the greenhouse gases produced when the conventional petroleum-based fuel they supply is burned.

The Cap-and-Trade Program is among the provisions of the Global Warming Solutions Act of 2006, approved by the Legislature and signed into law by then- Gov. Arnold Schwarzenegger.

— City News Service

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