The average price of a gallon of self-serve regular gasoline in Los Angeles County rose three-tenths of a cent Thursday to $4.509, one day after increasing four-tenths of a cent.
The average price is eight-tenths of a cent more than one week ago and 3.6 cents higher than one month ago, but 16.5 cents less than one year ago, according to figures from the AAA and Oil Price Information Service. It has dropped $1.985 since rising to a record $6.494 on Oct. 5.
The Orange County average price rose a half-cent to $4.438, a day after increasing three-tenths of a cent. It is 1.5 cents more than one week ago and 9.8 cents higher than one month ago, but 21.9 cents less than one year ago. The Orange County average price has dropped $2.021 since rising to a record $6.459 on Oct. 5.
The national average price rose for the eighth consecutive day following a five-day streak of decreases totaling 2.3 cents, increasing 2 cents to $3.379. It has risen 11.2 cents over the past eight days, including 3.2 cents Wednesday. The national average price is 10.7 cents more than one week ago, 23.7 cents higher than one month ago and 6.3 cents greater than one year ago. It has dropped $1.637 since rising to a record $5.016 June 14.
“Gasoline demand is usually lackluster this time of year and it likely won’t start to tick up until spring break draws near so the primary factor in this latest increase is the higher cost of oil, which accounts for more than half of what you pay at the pump,” said Andrew Gross, an AAA national public relations manager.