California Gas Prices Reach Record Highs – CBS Los Angeles

Los Angeles (CBSLA) – California continues to set unpleasant records in the gas pricing department.

The average price of gasoline in California hit $ 4.682 for a gallon regular Monday, an all-time state record according to the AAA.

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That was a jump of $ 4.676 on Sunday, which was also a record.

The previous high was set in October 2012 when the average price hit $ 4.671.

The average price in Los Angeles County rose to $ 4.672, within 3.3 cents of its own all-time high of $ 4.705, also set in October 2012.

The average gas price in LA County is $ 1.52 higher than a year ago.

“I ride a lot more motorcycles,” one man told CBSLA on Monday. “I have a 1-ton diesel truck that is just parked next to the house and can’t afford to fill it up. I have to get something smaller and more practical. “

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Orange County’s average price also rose to $ 4.635, 5.5 cents off the record high of $ 4.69 in October 2012. It’s up 9 cents in the past seven days.

Experts say the surge is due to a combination of factors, including the surge in the price of crude oil and pent-up demand for travel due to the COVID-19 pandemic. There were also more regional factors.

“Our sources tell us that some refineries in Southern California have had unplanned maintenance in the past few days, which usually reduces production levels,” said AAA spokesman Jeffrey Spring.

The price of a barrel of West Texas crude oil on the New York Mercantile Exchange was $ 80.79 on Friday, 101.3% more than its 52-week low of $ 40.13 posted on November 13, 2020 due to the higher demand for the elimination of restrictions related to the coronavirus has been achieved.

According to the US Energy Information Administration, the cost of crude oil is just over half the price of a pump.

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(© Copyright 2021 CBS Broadcasting Inc. All rights reserved. City News Service contributed to this report.)

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