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More Pain at the Pump

Gas prices continue to rise throughout the Southland.

For Southern California drivers, there is no end in sight for the rising costs of gasoline, with prices sitting firm at over $4 a gallon. The average price of a gallon of self-serve regular gasoline in Los Angeles County rose today to its highest amount since May 24, increasing 3.1 cents to $4.113.

The average price has increased 16 consecutive days and 28 times in 29 days and is 19.9 cents more than one week ago, 37 cents higher than a month ago and 54.4 cents greater than a year ago, according to figures from the AAA and Oil Price Information Service.

The average price has risen 36.9 cents over the past 29 days, including 1.2 cents on Tuesday. The Orange County average price rose to its highest amount since May 23, increasing 3.4 cents to $4.105.

The Orange County average price is 20.2 cents more than one week ago, 37.2 cents higher than a month ago and 54.7 cents greater than a year ago. It has increased 32 of the past 34 days, rising 38.7 cents during that span, including 1.2 cents on Tuesday.

Analysts have cited increasing oil prices and the closure of some California refineries for maintenance as reasons for the rising prices.

Crude oil costs account for two-thirds to three-quarters of the price of a gallon of gasoline, according to Tupper Hull of the Western States Petroleum Association, a trade association representing oil companies in six western states.

Visit our Traffic & Gas link for the cheapest gas in Glendora and current traffic updates.

http://glendora.patch.com/traffic

-City News Service

Jim Shanholtzer February 24, 2012 at 08:40 AM
Why is the price of a gallon of gas going so high in ca, and it is cheaper in other states????

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