The average price of a gallon of self-serve regular gasoline in Los Angeles County rose to its highest amount since Oct. 3, 2023, Wednesday, increasing 3.4 cents to $6.241.
The average price has risen 14 consecutive days, increasing 32.1 cents, including 2.4 cents Tuesday, according to figures from the AAA and Oil Price Information Service. The streak of increases follows a 14-day streak of decreases totaling 12.8 cents.
The average price is 15.7 cents more than one week ago, 19.7 cents higher than one month ago and $1.492 above what it was one year ago. It has risen $1.567 since the joint U.S./Israel attack on Iran Feb. 28, moving within 25.3 cents of the record $6.494 set on Oct. 5, 2022.
The Orange County average price rose to its highest amount since Oct. 2, 2023, increasing 3.5 cents to $6.217. It has increased 15 consecutive days, rising 37 cents, including 2.7 cents Tuesday.
The Orange County average price is 17.1 cents more than one week ago, 24.4 cents higher than one month ago and $1.533 above what it was one year ago. It has risen $1.581 since the attack on Iran, moving within 24.2 cents of the record $6.459 set Oct. 5, 2022.
The national average price rose to its highest amount since July 16, 2022, increasing 5.3 cents to $4.536. It has risen 14 consecutive days, increasing 52.6 cents, including 2.6 cents Tuesday.
The national average price is 30.7 cents more than one week ago, 41.7 cents higher than one month ago and $1.378 above what it was one year ago. It has risen $1.554 since the attack on Iran, moving within 48 cents of the record $5.016 set June 14, 2022.
Record “mounts of oil and refined products left U.S. shores in the last week, and we’ll likely set another record this week,” Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations, wrote on social media Tuesday.
“U.S. gasoline inventories are already at multi-year seasonal lows — which means prices will face even more upward pressure.”