The average price of a gallon of self-serve regular gasoline in Los Angeles County Friday recorded its largest daily increase since July 15, 2015, rising 6.9 cents to $3.97.
The average price has increased 11 consecutive days, rising 29.8 cents, including 6.5 cents on Thursday, according to figures from the AAA and Oil Price Information Service.
The average price is 18 cents higher than one week ago, 40.2 cents higher than one month ago and 22.2 cents greater than one year ago. It has risen 57.9 cents since the start of the year.
The Orange County average price rose 6.8 cents to $3.943, one day after increasing 7.1 cents. It has risen 30.7 cents since Sept. 17, including 7.5 cents Sept. 18, its largest increase since July 14, 2015.
The Orange County average price is 18.6 cents more than one week ago, 39.4 cents higher than one month ago and 23.8 cents greater than one year ago. It has risen 59.4 cents since the start of the year.
“The California Energy Commission reported (Wednesday) that the state’s unleaded gasoline inventories are down 21% from the previous week, refinery production of unleaded fuel is down by 18% and West Coast gasoline inventories are at their lowest level since early May,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
“Unplanned maintenance issues at the Chevron and Marathon refineries in Los Angeles County are the primary reason. Also, Oil Price Information Service reports that Southern California received no imported gasoline in the last week. These factors are continuing the spike that began after the attacks on Saudi Arabia’s oil infrastructure earlier this month.”
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