The average gas price rises 15 cents overnight in LA County, the biggest increase since 2015

LOS ANGELES (CNS) — The average price for a gallon of self-serve regular gasoline in Los Angeles County posted the largest increase since July 14, 2015, Wednesday, rising 14.9 cents to $6,108, the highest amount since July 12.

The average price is up 86.2 cents for 26 straight days, including 11.9 cents on Tuesday and 11 cents on Sunday, according to figures from the AAA and the Oil Price Information Service. It’s 56.3 cents up from a week ago, 82.7 cents up from a month ago and $1,699 up from a year ago.

The current streak of rises follows a series of 78 declines in 80 days totaling $1.216. The median price is 35.4 cents below the June 14 record high of $6.462.

The average price increased by 15.1 cents on July 14, 2015.

Orange County’s median price also posted its largest increase since July 14, 2015, rising 15.5 cents to $6,092, its highest amount since July 9. It’s up 70.8 cents in 11 of the last 12 days, including 10.6 cents on Tuesday and 14 cents on Sunday. It’s 57.2 cents up from a week ago, 90.8 cents up from a month ago and $1,724 up from a year ago.

The average price in Orange County is 31.8 cents below the record of $6.41 set on June 12.

The median price in Orange County increased by 15.7 cents on July 14, 2015.

“A series of planned and unplanned refinery maintenance issues has severely impacted California’s fuel supply,” said Doug Shupe, corporate communications manager for the Automobile Club of Southern California. “West Coast fuel stocks are at their lowest in about a decade, according to the Energy Information Administration.

“Until refineries are fully operational again, supply will be tight and pump prices volatile.”

There could be “some relief” in November when gas stations are allowed to sell winter gas again, which is cheaper to produce, Shupe told the City News Service.

The national median price rose by a total of $1.342 for the eighth straight day after a 98-day streak of declines, rising 1.8 cents to $3.765. It’s up 9.1 cents over the past eight days, including 2.2 cents on Tuesday.

The national median price is 8.4 cents higher than a week ago and 57.8 cents higher than a year ago, but 8.8 cents lower than a month ago.

The national median price is $1,251 below the record price of $5,016 set on June 14th.

Copyright 2022, City News Service, Inc.

Copyright © 2022 City News Service, Inc. All rights reserved.

https://abc7.com/gas-prices-la-county-increase/12275183/ The average gas price rises 15 cents overnight in LA County, the biggest increase since 2015

Laura Coffey

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