Community Corner
Long Streak of Rising LA County Gas Prices Comes to a Halt
But despite Monday's slight decrease, the average price is 5.2 cents more than one week ago, 56.9 cents higher than a month ago and 49.3 cents greater than a year ago.
A 27-day streak of increases to the average price of a gallon of self-serve regular gasoline in Los Angeles County ended Saturday when the price went unchanged. By Monday there was a decrease of two-tenths of a cent, to $4.375.
The average price rose 57.2 cents during the streak, reaching its highest amount since July 25, 2008, according to figures from the AAA and Oil Price Information Service. Despite Monday's slight decrease, the average price is 5.2 cents more than one week ago, 56.9 cents higher than a month ago and 49.3 cents greater than a year ago.
"It would appear the market has absorbed that quick wholesale increase," Marie Montgomery of the Automobile Club of Southern California told City News Service.
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She was referring to a one-day, 35-cent per gallon increase in the wholesale cost of gasoline triggered by last month's near Blaine, Wash., forcing its closure for at least three weeks, reducing supply.
This report was compiled with information from City News Service.
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