Southland gasoline prices increase to highest since Fall 2008
Sixth consecutive day
LOS ANGELES, Calif.—The average price of a gallon of self-serve regular gasoline in Los Angeles County rose to its highest amount since Oct. 14, 2008 today, increasing a half-cent to $3.45.
The average price is 5.5 cents more than a week ago, 7.1 cents higher than one month ago and 42 cents above what it was one year ago, according to figures from the AAA and Oil Price Information Service.
The average price has increased six consecutive days—1.1 cents both Wednesday and Thursday, nine-tenths of a cent Friday, 1.4 cents Saturday, six-tenths of a cent Sunday and a half-cent today.
The Orange County average price rose to its highest amount since Oct. 13, 2008 today, increasing one-tenth of a cent to $3.403, 5.3 cents more than a week ago, 7 cents higher than one month ago and 43.2 cents above what it was one year ago.
The Orange County average price has increased six consecutive days—1.2 cents Wednesday, 1.3 cents Thursday, nine-tenths of a cent Friday, 1.5 cents Saturday, a half-cent Sunday and one-tenth of a cent today.
Analysts cite high oil prices as the reason for the rising gasoline prices.
Crude oil costs account for two-thirds to three-quarters of the price of a gallon of gasoline, according to Tupper Hull, vice president of strategic communications for the Western States Petroleum Association, a trade association representing oil companies in six western states.
The price of a barrel of West Texas Intermediate crude for March delivery on the New York Mercantile Exchange fell 71 cents in late-morning trading today to $88.32.
LOS ANGELES, Calif.—The average price of a gallon of self-serve regular gasoline in Los Angeles County fell today for the 11th consecutive day, dropping seven-tenths of a cent to $3.72, the lowest amount since Feb. 26.
The average price is 6.9 cents less than one week ago and 8.6 cents lower than a month ago, according to figures from the AAA and Oil Price Information Service. However, the average price is 57.2 cents higher than a year ago.
LOS ANGELES, Calif.—The average price of a gallon of self-serve regular gasoline in Los Angeles County rose to its high for the year today for a third consecutive day, increasing 1.3 cents to $3.203.
A 1.9-cent increase Saturday put the price past its previous high for 2010, $3.156, which was reached on May 8. The average price rose another 2.2 cents Sunday.
LOS ANGELES - The average price of a gallon of self-serve regular gasoline in Los Angeles County fell for the 24th consecutive day, decreasing six-tenths of a cent to $3.015.
The average price is 4.3 cents less than a week ago, 11.9 cents less than a month ago and 5.3 cents less than this time last year, according to figures from the AAA and Oil Price Information Service.
The decreases began Aug. 14, a day after nine increases in 10 days pushed the average price to $3.155, one-tenth of a cent less than its high for the year.
LOS ANGELES, Calif.—Home sales in Los Angeles County jumped by 6.6 percent in October, compared to the same month a year ago, while prices dipped by 7.7 percent, a real estate information service announced today.
A total of 5,830 homes changed hands locally last month, compared to 5,470 in October 2010, according to La Jolla-based DataQuick. The median price of a home in Los Angeles County in October was $300,000, down from $325,000 in October 2010.
LOS ANGELES, Calif.—A Los Angeles County supervisor whose district includes the high desert reminded residents today that all fireworks are illegal in unincorporated Los Angeles County.
“While some cities allow ‘safe and sane’ fireworks, fireworks of any kind are illegal in Los Angeles County,” Supervisor Michael Antonovich said.
Fireworks violations can include fines of up to $1,000 and as much as a year in county jail. In some cases, violators can be charged with a felony.
