Thursday, February 26, 2015
How high can Los Angeles County gas prices go?
LOS ANGELES — The average price of a gallon of self-serve regular gasoline in Los Angeles County rose today for the 25th consecutive day, increasing 3.7 cents to $3.104, its highest amount since Nov. 27, Thanksgiving.
The average price has increased 64.5 cents over the past 25 days, including 2.5 cents on Monday, according to figures from the AAA and Oil Price Information Service.
The average price is 23.8 cents more than one week ago and 62.3 cents higher than one month ago, but 76 cents less than one year ago thanks to 24 decreases in the 25 days immediately before the current string of increases began.
The 25-day streak of increases is the longest since a 30-day streak from Jan. 25-Feb. 23, 2013.
The Orange County average price also rose for the 25th consecutive day, increasing 4.1 cents to $3.10, its highest amount since Nov. 20. It has risen 66.8 cents over the past 25 days, including 1.5 cents on Monday.
The Orange County average price is 24.3 cents higher than one week ago and 64.8 cents more than one month ago. However, it is 76.1 cents lower than one year ago thanks to 23 decreases in 24 days immediately before the current string of increases began.
The 25-day streak of increases is the longest since a 32-day streak from Feb. 6-March 9 last year.
The explosion Wednesday that caused a partial shutdown of the ExxonMobil refinery in Torrance put additional pressure on gasoline prices, whose supply had already been reduced by the process of converting to production of summer blend gasoline, according to Marie Montgomery of the Automobile Club of Southern California.
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