The average price of a gallon of self-serve regular gasoline in Los Angeles County rose four-tenths of a cent Friday to $4.348, one day after increasing a half-cent.
The average price is 1.5 cents more than one week ago, 9.8 cents higher than one month ago and $1.217 greater than one year ago, according to figures from the AAA and Oil Price Information Service.
The average price has increased $1.116 since the start of the year to its highest amount since Oct. 25, 2012, because of a sharp increase in the oil price and increased demand due to more people driving to work, according to Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
The Orange County average price rose a half-cent to $4.31, one day after increasing four-tenths of a cent. It is 1.7 cents more than one week ago, 10.4 cents higher than one month ago and $1.198 greater than one year ago.
The Orange County average price has risen $1.102 since the start of the year to its highest amount since May 1, 2014.
An agreement on production levels among OPEC and other international producers, and continuing imported gasoline products to the state, have tempered prices in Southern California, according to Spring.
“Strong demand continues to pull prices up, but with a little more certainty about oil prices and strong levels of gasoline imports the price increases are at least smaller this past week,” Spring said.
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