The average price of a gallon of self-serve regular gasoline in Los Angeles County rose 1.8 cents Friday to $5.421, one day after recording its largest increase since May 6, 2 cents.
The average price is 1.7 cents more than one week ago, 43 cents less than one month ago, 88.2 cents higher than one year ago and 72.7 cents greater than before the start of the joint U.S./Israel attack on Iran on Feb. 28 that sent oil prices higher and drastically accelerated increases at the gas pump, according to figures from the AAA and Oil Price Information Service.
The Orange County average price rose 2.6 cents to $5.316, one day after recording its largest increases since May 6, 3 cents. It is 4.4 cents more than one week ago, 41.2 cents less than one month ago, 83.2 cents higher than one year ago and 68 cents greater than before the attack on Iran.
“Oil Price Information Service reports that investor anxiety this week about Middle East tensions disrupting oil supplies has significantly increased wholesale gasoline prices, leading to price jumps at the pump,” Kandace Redd, the Automobile Club of Southern California’s senior public affairs specialist, said in a statement released Thursday.
“It’s hard to know if this is a trend that will continue or just a temporary pause to the downward price trend that has been happening since mid-May.”
The national average price rose 3.8 cents to $3.884, one day after recording its largest increase since May 6, 5 cents. It 6.1 is cents more than one week ago, 26.7 cents less than one month ago, 71.2 cents higher than one year ago and 90.2 cents greater than before the attack on Iran began.