SoCal gas prices hit new records – NBC Los Angeles

The average price of a gallon of self-serve regular gasoline in Los Angeles County climbed 2.8 cents Saturday to a record $6,126, the first day of the Memorial Day weekend.

The average price is 2.9 cents higher than a week ago, 34.8 cents higher than a month ago and $1.919 higher than a year ago, the figures show. from the AAA and the Oil Price Information Service.

Orange County’s average price jumped 3.4 cents to a record high of $6,101. That’s 2.5 cents more than a week ago, 38.1 cents more than a month ago, and $1.942 more than a year ago.

Here are the average prices for a gallon of regular unleaded gasoline in SoCal counties as of Saturday afternoon, according to AAA:

  • Los Angeles County: $6,127
  • Orange County: $6,103
  • Ventura County: $6,092
  • Riverside County: $6,006
  • San Bernardino County: $6,025

Los Angeles County’s average price has risen $1.33 since Russia’s Feb. 24 invasion of Ukraine “sent shockwaves through the oil market that kept oil prices down.” high,” said Andrew Gross, national public relations officer for the AAA. Orange County’s average price increased by $1.324.

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 two tenths of a cent to a record high of $4.601. The national average has set records 16 times in the past 19 days.

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