Gas cost in los angeles

One driver tells Action News inflation is making it difficult to live in today's economy. The eye-popping prices in the nation's most populous state owe to a surge in the cost of crude oil combined with output disruptions that have choked refinery capacity, industry analysts told ABC News. On Thursday, gas cost in los angeles key measure of crude oil prices reached its highest level in more than a year.

Gas prices in Southern California shot up at their fastest rate of the year last week, according to data released by AAA. That is up 18 cents from last week and 38 cents from last month. AAA officials blamed both regional and global factors for high prices, including the floods in Libya. Both of those figures are up 17 cents from last week and 39 cents from last month. It remains unclear when drivers might feel relief, but AAA officials said last month that California has increased oil stockpiles and imports , which may drive down wholesale prices soon. AAA offered some tips for conserving gas in this expensive season: Remove unnecessary or heavy items from your car, limit use of air conditioning, and drive the speed limit on the freeway.

Gas cost in los angeles

Gas prices in L. County drop since February. A gallon of regular in L. While the price has decreased nine cents in the past nine days - it is still about 17 cents higher than this time last year, according to AAA and Oil Price Information Service. The run of decreases follows a run of nine increases in 11 days totaling 7 cents. Arrest made in murder of pregnant Amish woman. Tornado touched down in Central California, officials confirm. Woman accused of driving drunk, killing SC bride, out on bond. Full Story. ABC7 Eyewitness News. Watch Now. Local News.

Other parts of Southern California have seen similar eye-popping price increases. More to Read.

.

The price of fuel has experienced a surge not seen by drivers in the United States since Hurricane Katrina. Eric Swanson, a professor of economics at UC Irvine, said low-income residents will be hit hardest by the rising cost in gas and housing. Eventually, he said, it will also lead to higher prices for transported goods. In many places across the Southland , they already have. Carlos Perez, who owns C. Towing Service in El Monte, said increased gas prices recently forced him to raise his rates for several services, including a simple tire change and hauling crashed vehicles.

Gas cost in los angeles

Los Angeles is not alone in its pain as the cost of gas spikes across the nation. And according to analysts, the switch to a more expensive summer blend for other parts of the country promises the hurt will not stop anytime soon. Multiple factors play into higher prices across the state, including higher taxes and shipping costs to more remote parts of the state. Last year, the United States saw a steady increase in gas prices, and that ramped up at the start of the war in Ukraine. The nationwide switch to the more expensive summer blend, which is meant to reduce gasoline evaporation when outside temperatures rise, is expected to be complete in early June. That switch has already started in most parts of the country, Montgomery said, and is already baked into the prices consumers are seeing at the pumps in California. He previously worked for Courthouse News Service, where he wrote both breaking news and enterprise stories ranging from criminal justice to homelessness and politics. Before that, Solis was at the Redding Record Searchlight as a multimedia journalist, where he anchored coverage of the destructive fires in Northern California.

1 bedroom flat to rent fife

More to Read. Businesses in Shaver Lake stay busy, despite China Peak closure. By Max Zahn. Manage MyDisney Account. Woman accused of driving drunk, killing SC bride, out on bond. California Thousands of protesters march in downtown Los Angeles calling for cease-fire in Gaza. The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped Thursday to its lowest amount since February. Fitzgerald said the uptick in maintenance-related interruptions stems in part from an effort on the part of refineries to remain at full capacity during the busy summer driving season. AAA officials blamed both regional and global factors for high prices, including the floods in Libya. Average LA County gas price drops to lowest amount since February Business Visionaries. ABC7 wants to help you hit the road, just in time for the holidays! About Us. The decline in supply of crude oil has helped send prices upward in recent months just as California has begun to face a series of setbacks at its refineries, analysts said.

These stations are the mysterious outliers of the L. Mention their intersections, and many Angelenos gravely nod, their eyes growing wide: How can that place at Fairfax and San Vicente, or La Cienega and Beverly, or downtown on Alameda right across from Olvera Street, charge such wild prices? What dark secrets do they hide?

All Sections. Follow Us:. County drop since February. March 2, Carly Olson. Tornado touches down in Madera Co. Gas prices in Southern California shot up at their fastest rate of the year last week, according to data released by AAA. Gavin Newsom issued an order on Thursday to state regulators easing rules that forbid oil refineries from producing a cheaper, more plentiful winter-blend of gasoline until Oct. Station Info. Here's why gasoline prices in California are skyrocketing. For Subscribers.