The average price is 2.9 cents higher than a week ago, 34.8 cents higher than a month ago and $1.919 higher than a year ago, according to figures from the AAA and the Oil Price Information Service.
Orange County’s median price rose 3.4 cents to a record $6,101. It’s 2.5 cents up from a week ago, 38.1 cents up from a month ago and $1,942 up from a year ago.
Los Angeles County’s median price has risen $1.33 since Russia’s February 24 invasion of Ukraine “sent shockwaves through the oil market that have kept oil prices high,” said Andrew Gross, a national public relations executive for the AAA. Orange County median price is up $1,324.
According to the US Energy Information Administration, the cost of crude accounts for a little more than half of the pump price. The remainder of the price includes the other components of the gasoline, production costs, distribution costs, overheads for everyone involved in production, distribution and sales, taxes and California carbon offset fees paid by the refiners.
The national median price rose two-tenths of a cent to a record high
$4,601. The national average has set records 16 times in the last 19 days.
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https://abc7.com/gas-travel-driving-memorial-day/11903586/ $6.13 per gallon: Los Angeles County average gasoline price rises to record high