Gas prices are rising at a rate not seen in years. The average price for a gallon of regular unleaded gas in L.A. County jumping 15 cents overnight to $6.11. The fuel price forecast, and why prices might go even higher. Tonight at 11 from ABC7
The average price has risen for 26 consecutive days, increasing 86.2 cents, including 11.9 cents Tuesday and 11 cents Sunday, according to figures from the AAA and Oil Price Information Service. It is 56.3 cents more than one week ago, 82.7 cents higher than one month ago, and $1.699 greater than one year ago.
"A string of planned and unplanned refinery maintenance issues has severely tightened fuel supply in California," said Doug Shupe, the Automobile Club of Southern California's corporate communications manager. "West Coast fuel inventories are at the lowest level in about a decade according to Energy Information Administration.
There may be "some relief" in November when stations are again allowed to sell winter-blend gas which is cheaper to produce, Shupe told City News Service.
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