Southland gas prices hit record highs again
LOS ANGELES (CNS) — The average price of a gallon of self-serve regular gasoline in Los Angeles County hit a record Sunday for the second day in a row, rising 2.6 cents to $6,152 a day after rising 2.8 cents.
The average price is 5.4 cents higher than a week ago, 35.4 cents higher than a month ago and $1.933 higher than a year ago, the figures show. from the AAA and the Oil Price Information Service.
Orange County’s average price rose 3.3 cents to its second straight high of $6.134, a day after rising 3.4 cents. That’s 6.2 cents more than a week ago, 38.6 cents more than a month ago, and $1.961 more than a year ago.
Los Angeles County’s average price has risen $1.356 since Russia’s Feb. 24 invasion of Ukraine ‘sent shockwaves through the oil market that kept oil prices high’ , said Andrew Gross, national public relations manager for the AAA. Orange County’s average price increased by $1.357.
Crude oil costs are just over half the price at the pump, according to the US Energy Information Administration.
The rest of the price includes the other gasoline components, production costs, distribution costs, overhead costs for everyone involved in production, distribution and sales, taxes and carbon offset costs in California paid by refineries.
The national average price rose nine-tenths of a cent to a record high of $4.61. The national average has set 17 records over the past 20 days.