Southland gas prices continue to rise, surpassing $6.

Gasoline Prices Soar in ⁤Los Angeles County

In Los Angeles County, the average price of a gallon of self-serve regular gasoline has skyrocketed once again. On September 20, it reached its highest amount since October 17, 2022, at a staggering $6.069. This marks the 54th increase in the past 59 days, highlighting the ongoing surge in gas prices.

Over the course of the last ‌59 days, the average price has surged by‌ an alarming $1.096. Just yesterday, it surpassed the $6 mark for the first time since October 2022, with an increase of 11.2 cents. The figures from the AAA and‌ Oil Price Information Service reveal a significant rise of 48.6 cents ‌in just one week, 72.4 cents in one month, and a staggering 60.9 cents compared to the same ​time last year.

However, it’s worth noting that the average price has⁤ dropped​ by 42.5 cents since reaching ​a record high of $6.494 ⁤on October 5, 2022.

In Orange County, the situation is no different. The average price of gasoline has​ risen for the 52nd time in the past 58 days, reaching its highest amount since‌ October 2022 at $6.045. Over the course of the last 58 days, it‍ has surged ⁤by $1.144. Just yesterday, it crossed the $6 mark⁤ for the first time⁢ since October last ‌year, with an increase of 11 cents.

Compared⁤ to one⁤ week ago, the average price in Orange County has risen by 48.9 cents. In just one month, it has surged by 74.5 cents, and compared to the same time last year, it has skyrocketed by 61.5 cents. However, it’s worth noting that the average price ⁤has dropped by 41.4 cents since ⁢reaching a record high‍ of $6.459​ on October 5, 2022.

The surge⁤ in‌ pump prices can​ be attributed to various factors, including‌ rising crude oil prices due ​to oil supply cuts in Saudi Arabia ‌and Russia. Concerns​ over disruptions to oil exports‌ from Libya following deadly flooding have ‍also played​ a role. Additionally, refinery issues‌ in Southern California have led to lower inventory, exacerbating the situation. Doug Shupe, the Automobile Club of Southern California’s corporate communications manager, stated that relief may be on the horizon by the end of this month when ⁢gasoline cargoes are expected to arrive on the West Coast.

On a national level, the average price of gasoline dropped slightly to $3.875,​ following an 11-day streak of increases. However, it remains 2.7 cents higher than one week ago,‌ nine-tenths of a cent higher than one​ month ago, and a significant 20.1 cents above the price one year ago. Since reaching a record high of $5.016 on June 14, 2022, ⁢the national average⁣ price has dropped by $1.141.

What government policies and‍ taxes are contributing to the inflated gasoline prices in Los Angeles County?

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