The average price of a gallon of self-serve regular gasoline in Los Angeles County rose Friday for the third consecutive day following a run of three decreases in four days totaling 1.6 cents, increasing 2.7 cents to $5.477.
The average price has risen 7.2 cents over the past three days, including 3.1 cents Thursday, according to figures from the AAA and Oil Price Information Service. It is 5.6 cents more than one week ago, 21.1 cents less than one month ago and 97.2 cents higher than one year ago,
The average price has increased 78.3 cents since the start of the joint U.S./Israel attack on Iran on Feb. 28, which sent oil prices higher and drastically accelerated increases at the gas pump.
The Orange County average price rose for the fourth consecutive day, increasing 3.2 cents to $5.391. It has risen 9.3 cents over the past four days, including 3.6 cents Thursday.
The Orange County average price is 7.5 cents more than one week ago, 16.7 cents less than one month ago and 94.4 cents higher than one year ago. It has increased 72.3 cents since the attack on Iran.
“Oil prices have risen as of today to near $80 a barrel but are still well below the $120-per-barrel prices at the height of the conflict,” Kandace Redd, the Automobile Club of Southern California’s senior public affairs specialist, said in a statement Thursday.
“As long as traffic is significantly disrupted in the Strait of Hormuz, we can expect oil prices to remain higher or increase, which will push up prices at the pump.”
The national average price also rose for the third consecutive day, increasing 3.8 cents to $3.981. It has risen 12.2 cents over the past three days, including 5.3 cents Thursday, its largest increase since May 6.
The national average price is 9.7 cents more than one week ago, 4.4 cents less than one month ago and 82 cents higher than one year ago. It has increased 99.9 cents since the attack on Iran.
The streak of increases follows a four-day streak of decreases totaling 2.5 cents.