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Gas Prices See Double Digit Increase in 1 Week

The increases are the result of supply issues, according to the Automobile Club of Southern California.

The average price of a gallon of self-serve regular gasoline in Los Angeles County recorded its largest daily increase since May 12 on Wednesday, rising 5.8 cents to $4.259 -- its highest amount since June 1.

The average price has increased by more than 1 cent on each of the past five days and is 11.6 cents more than a week ago, 8.6 cents higher than a month ago and 41.8 cents greater than at this time last year, according to figures from the AAA and Oil Price Information Service.

The increasing prices are the result of supply issues, stemming from reported increases in West Coast refinery exports to Mexico and the continued closure of the Chevron refinery in Richmond because of a major fire Aug. 6, according to Marie Montgomery Nordhues of the Automobile Club of Southern California.

The lowest price of gasoline in Brentwood is $4.21 at the Shell station at 10991 Santa Monica Blvd. The lowest gas price in Pacific Palisades is $4.31 at Jin's Shell Services at 15401 West Sunset Blvd.

Richard October 03, 2012 at 04:36 PM
What a bunch of crap story!!! A barrel of crude (WTI) has dropped from $99.76 to $89 75(price today) in the last 2 weeks. If there was a SUPPLY issue the price would have gone higher! We are getting it stuck to us again and your story makes no sense. Also the Chevron fire(last month) was due to their old pipes that should have been replaced by Chevron, let them pay for any suppy issues from the fire that THEY probably caused by not replacing those pipes! Concerned citizen, Richard .

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