Los Angeles (CBSLA) – California continues to set disagreeable information within the gasoline pricing division.
The common worth of gasoline in California hit $ 4.682 for a gallon common Monday, an all-time state file in line with the AAA.
That was a bounce of $ 4.676 on Sunday, which was additionally a file.
The earlier excessive was set in October 2012 when the typical worth hit $ 4.671.
The common worth in Los Angeles County rose to $ 4.672, inside 3.3 cents of its personal all-time excessive of $ 4.705, additionally set in October 2012.
The common gasoline worth in LA County is $ 1.52 greater than a yr in the past.
“I experience much more bikes,” one man informed CBSLA on Monday. “I’ve a 1-ton diesel truck that’s simply parked subsequent to the home and may’t afford to fill it up. I’ve to get one thing smaller and extra sensible. “
Orange County’s common worth additionally rose to $ 4.635, 5.5 cents off the file excessive of $ 4.69 in October 2012. It is up 9 cents prior to now seven days.
Specialists say the surge is because of a mixture of things, together with the rise within the worth of crude oil and the pent-up demand for journey because of the COVID-19 pandemic. There have been additionally extra regional elements.
“Our sources inform us that some refineries in Southern California have had unplanned upkeep prior to now few days, which normally reduces manufacturing ranges,” mentioned AAA spokesman Jeffrey Spring.
The value of a barrel of West Texas crude oil on the New York Mercantile Alternate was $ 80.79 on Friday, 101.3% greater than its 52-week low of $ 40.13 posted on November 13, 2020 because of the greater demand for the elimination of restrictions associated to the coronavirus has been achieved.
In accordance with the US Power Info Administration, the price of crude oil is simply over half the worth of a pump.
(© Copyright 2021 CBS Broadcasting Inc. All rights reserved. Metropolis Information Service contributed to this report.)
