Gas prices in L.A., Orange counties rise to record highs for 7th straight day
LOS ANGELES -- The average price of a gallon of self-serve regular gasoline in Los Angeles County rose to a record Friday for the seventh consecutive day, increasing 4.5 cents to $6.266, its ninth consecutive increase.
The average price has risen 17.5 cents over the past nine days, including 2.1 cents Thursday, according to figures from the AAA and Oil Price Information Service. It is 16.8 cents more than one week ago, 43.9 cents higher than one month ago and $2.032 greater than one year ago. The Orange County average price rose 4.6 cents to its seventh consecutive record, $6.246, its eighth consecutive increase. It has risen 18.7 cents over the past eight days, including 2.1 cents Thursday.
The Orange County average price is 17.9 cents more than one week ago, 46.9 cents higher than one month ago and $2.062 greater than one year ago The Los Angeles County average price has increased $1.47 since Russia's invasion of Ukraine on Feb. 24"sent shock waves through the oil market that have kept oil costs elevated," said Andrew Gross, an AAA national public relations manager. The Orange County average price has increased $1.469.
Crude oil costs account for slightly more than half of the pump price, according to the U.S. Energy Information Administration.
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