The Antelope Valley Times

Your community. Your issues. Your news.

  • Home
  • Latest News
  • Local
    • Palmdale
    • Lancaster
    • Los Angeles County
    • Littlerock
    • Lake Los Angeles
    • Rosamond
    • Edwards AFB
    • Acton
  • Crime
  • Politics
  • Education
  • Health
  • Business
  • Opinion
    • Advertise
    • About
    • Contact Us
    • Facebook
    • Twitter
    Show Search

Average LA County gas price hits record high

by The AV Times Staff • May 18, 2022

The average price of a gallon of self-serve regular gasoline in Los Angeles County rose to a record Wednesday, May 18, increasing 2.3 cents to $6.089.

The average price has risen for 21 consecutive days, increasing 31.5 cents, including 3.7 cents Tuesday, according to figures from the AAA and Oil Price Information Service. It is 19.8 cents more than one week ago, 28.5 cents higher than one month ago and $1.914 greater than one year ago.

The previous record was $6.07 set March 28.

The Orange County average price rose to a record for the second consecutive day, increasing 2.4 cents to $6.073. It has increased 20 of the past 21 days, rising 36.2 cents, including 3.6 cents Tuesday.

The Orange County average price is 23.7 cents more than one week ago, 31.1 cents higher than one month ago and $1.941 greater than one year ago.

The national average price rose 4.4 cents to $4.567, erasing the previous record set Tuesday.

The rising pump prices are the result of the high cost of oil, according to Andrew Gross, an AAA national public relations manager. The price of a barrel of July Brent crude on ICE Futures Europe fell $2.31 Tuesday to settle at $111.93 after hitting its highest intraday price since March 28.

Brent crude is the global oil benchmark, accounting for approximately 80% of the world’s crude oil.

Crude oil costs account for slightly more than half of the pump price, according to the U.S. Energy Information Administration. The rest of the price includes the other components of gasoline, production costs, distribution costs, overhead costs for all involved in production, distribution and sales, taxes and carbon offset fees in California paid by the refineries.

–

Filed Under: Business

Recent Comments

  • Efrem Zimbalist Jr. on Palmdale authorities apprehend graffiti vandals, including armed suspect: “Michelle, have you spoken to the FBI about Rex?” Aug 27, 11:23
  • Frances on Judge orders arbitration of Allied Security guard’s sexual harassment lawsuit: “Does anyone know any more about this case? This is about someone I know and I believe full heartedly that…” Aug 26, 19:42
  • Lily on Palmdale authorities apprehend graffiti vandals, including armed suspect: “@Michelle Egberts… Hi Michelle, remember Jim? Madalyn and Jim were friends of mine.” Aug 23, 06:47
  • Michelle Egberts on Palmdale authorities apprehend graffiti vandals, including armed suspect: “@ Tim Scott… I couldn’t have said it more eloquently Tim!!! We have to get together and catch up over…” Aug 21, 00:58
  • Mars on Palmdale authorities apprehend graffiti vandals, including armed suspect: “Give Them Cleaning Supplies Clean Up The Graffiti For 3 months Also Have Them Do Community Service As Well Then…” Aug 15, 02:54

Copyright © 2025 · The AV Times LLC. All rights reserved. Terms of Use

Dear Readers,

After more than a decade of serving the Antelope Valley, we have made the difficult decision to close The Antelope Valley Times. The site will no longer be updated, but all past articles will remain accessible. Thank you for your loyalty and support over the years.

—The AV Times Staff