The average price of a gallon of self-serve regular gasoline in Los Angeles County rose Friday for the third consecutive day, increasing nine-tenths of a cent to $4.772 following a run of eight decreases in nine days totaling 4.4 cents.
The average price has increased 2.4 cents over the past three days, including 1.2 cents Thursday, according to figures from the AAA and the Oil Price Information Service. It is 1.2 cents more than one week ago but 13.8 cents less than one month ago and 51.3 cents lower than one year ago.
The average price has dropped $1.721 since rising to a record $6.493 on Oct. 5, 2022.
The Orange County average price rose for third consecutive day, increasing a half-cent to $4.715, following a run of seven decreases in eight days totaling 6.1 cents. It has risen 3.2 cents over the past three days, including 2.2 cents Thursday.
The Orange County average price is 1 cent more than one week ago but 14.5 cents less than one month ago and 48.5 cents lower than one year ago. It has dropped $1.743 since rising to a record $6.458 on Oct. 5, 2022.
“Los Angeles wholesale gasoline prices surged this morning, likely because of California supply concerns related to the fire,” Doug Shupe, the Automobile Club of Southern California’s corporate communications manager, said in a statement, referring to a fire Monday at the Valero refinery in Benicia that has caused a price spike in Northern California.
“Although Southern California does not receive any gas supply from Northern California refineries, an extended refinery outage would raise prices throughout the state.”
The national average price dropped for the seventh time in eight days, decreasing seven-tenths of a cent to $3.145. It has dropped 4.1 cents over the past eight days, including two-tenths of a cent Thursday. The national average price decreased three consecutive days, was unchanged Monday and resumed dropping Tuesday.
The national average is 3.5 cents less than one week ago, 8.9 cents lower than one month ago and 49.6 cents below what is was one year ago. It has dropped $1.871 since rising to a record $5.016 on June 14, 2022.