{"id":105304,"date":"2021-11-24T11:47:55","date_gmt":"2021-11-24T19:47:55","guid":{"rendered":"https:\/\/theavtimes.com\/?p=105304"},"modified":"2021-11-24T11:47:55","modified_gmt":"2021-11-24T19:47:55","slug":"average-la-county-gas-price-rises-to-record-high","status":"publish","type":"post","link":"https:\/\/theavtimes.com\/2021\/11\/24\/average-la-county-gas-price-rises-to-record-high\/","title":{"rendered":"Average LA County gas price rises to record high"},"content":{"rendered":"<p><a href=\"https:\/\/theavtimes.com\/wp-content\/uploads\/2021\/11\/gas-pump.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-105305\" src=\"https:\/\/theavtimes.com\/wp-content\/uploads\/2021\/11\/gas-pump.jpg\" alt=\"\" width=\"918\" height=\"612\" srcset=\"https:\/\/theavtimes.com\/wp-content\/uploads\/2021\/11\/gas-pump.jpg 918w, https:\/\/theavtimes.com\/wp-content\/uploads\/2021\/11\/gas-pump-300x200.jpg 300w, https:\/\/theavtimes.com\/wp-content\/uploads\/2021\/11\/gas-pump-768x512.jpg 768w\" sizes=\"(max-width: 918px) 100vw, 918px\" \/><\/a>The average price of a gallon of self-serve regular gasoline in Los Angeles County rose to a record $4.706 Wednesday, erasing the 9-year-old record following more than 18 months of increases due to rising demand after the relaxation of coronavirus-related restrictions.<\/p>\n<p>The average price dropped to its 2020 low of $2.822 on May 5, its lowest amount since New Year&#8217;s Day, 2017, largely because of a sharp decrease in demand as people reduced driving because of stay-at-home orders and higher unemployment stemming from the coronavirus outbreak, according to Jeffrey Spring, the Automobile Club of Southern California&#8217;s corporate communications manager.<\/p>\n<p>As the restrictions were lifted, demand and prices increased.<\/p>\n<p>The record was also the result of the price of a barrel of West Texas intermediate crude on the New York Mercantile Exchange quadrupling from $20.33 in April 2020 to $84.65 on Oct. 26, 2021, its highest amount since 2014. It settled at $78.50 Tuesday.<\/p>\n<p>Crude oil costs account for slightly more than half of the pump price, according to the U.S. Energy Information Administration.<\/p>\n<p>The average price of a gallon of self-serve regular gasoline in Los Angeles County has risen 14 of the past 15 days, increasing 11.5 cents, including two-tenths of a cent Wednesday, according to figures from the AAA and Oil Price Information Service. It is 2.1 cents more than one week ago, 15.2 cents higher than one month ago and $1.564 greater than one year ago.<\/p>\n<p>The previous record price of $4.705 was set Oct. 9, 2012.<\/p>\n<p>&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The average price of a gallon of self-serve regular gasoline in Los Angeles County rose to a record $4.706 Wednesday, erasing the 9-year-old record following more than 18 months of increases due to rising demand after the relaxation of coronavirus-related restrictions. The average price dropped to its 2020 low of $2.822 on May 5, its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":105305,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[16,1496],"tags":[],"_links":{"self":[{"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/posts\/105304"}],"collection":[{"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/comments?post=105304"}],"version-history":[{"count":1,"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/posts\/105304\/revisions"}],"predecessor-version":[{"id":105306,"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/posts\/105304\/revisions\/105306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/media\/105305"}],"wp:attachment":[{"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/media?parent=105304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/categories?post=105304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/tags?post=105304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}