The average price of a gallon of self-serve regular gasoline in Los Angeles County rose Friday for the 11th consecutive day, increasing three-tenths of a cent to $4.944.
The average price has risen 7.7 cents over the past 11 days, including three-tenths of a cent Thursday, according to figures from the AAA and Oil Price Information Service. It is 2.6 cents more than one week ago and nine-tenths of a center higher than one month ago but 87.4 cents less than one year ago.
The average price has dropped $1.55 since rising to a record $6.494 on Oct. 5.
A run of 11 increases in 12 days to the Orange County average price totaling 10.8 cents ended when it was unchanged, remaining at $4.929. It is 3.6 cents more than one week ago and 3.8 cents higher than one month ago but 84.3 cents less than one year ago. It has dropped $1.53 since rising to a record $6.459 on Oct. 5.
“Oil prices are hovering above $80 a barrel after plunging to a one-year low point of $72 for Brent crude and $66 for West Texas Intermediate crude in mid-March,” said Doug Shupe, the Automobile Club of Southern California’s corporate communications manager.
“Since oil costs make up about half the cost of producing gasoline, this has pushed up pump prices in California and around the country.”
The national average price rose for the 17th consecutive day, increasing 1.7 cents to $3.662. It has risen 22.7 cents over the past 17 days, including 2.4 cents Thursday.
The national average price is 8.1 cents more than one week ago and 19.6 cents higher than one month ago, but 41.2 cents less the one year ago. It has dropped $1.354 since rising to a record $5.016 on June 14.