Gas cost in los angeles

One driver tells Action News inflation is making it difficult to live in today's economy.

Gas prices in Southern California shot up at their fastest rate of the year last week, according to data released by AAA. That is up 18 cents from last week and 38 cents from last month. AAA officials blamed both regional and global factors for high prices, including the floods in Libya. Both of those figures are up 17 cents from last week and 39 cents from last month. It remains unclear when drivers might feel relief, but AAA officials said last month that California has increased oil stockpiles and imports , which may drive down wholesale prices soon.

Gas cost in los angeles

Gas prices in L. County drop since February. A gallon of regular in L. While the price has decreased nine cents in the past nine days - it is still about 17 cents higher than this time last year, according to AAA and Oil Price Information Service. The run of decreases follows a run of nine increases in 11 days totaling 7 cents. Arrest made in murder of pregnant Amish woman. Tornado touched down in Central California, officials confirm. Woman accused of driving drunk, killing SC bride, out on bond. Full Story. ABC7 Eyewitness News. Watch Now. Local News. Station Info.

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The price of fuel has experienced a surge not seen by drivers in the United States since Hurricane Katrina. Eric Swanson, a professor of economics at UC Irvine, said low-income residents will be hit hardest by the rising cost in gas and housing. Eventually, he said, it will also lead to higher prices for transported goods. In many places across the Southland , they already have. Carlos Perez, who owns C. Towing Service in El Monte, said increased gas prices recently forced him to raise his rates for several services, including a simple tire change and hauling crashed vehicles. Perez, 55, who runs the company on his own and often works hour shifts, typically covers Los Angeles and Orange counties but sometimes makes farther pickups, he said, including one that was miles away.

Gas cost in los angeles

These stations are the mysterious outliers of the L. Mention their intersections, and many Angelenos gravely nod, their eyes growing wide: How can that place at Fairfax and San Vicente, or La Cienega and Beverly, or downtown on Alameda right across from Olvera Street, charge such wild prices? What dark secrets do they hide? With a new federal ban on Russian oil nudging pump prices still higher, The Times set out to find answers at three of the priciest gas stations in town. Most were in a rush, a little lost or using a company card. Taylor Symone, who works as a nanny, was filling up her Mazda CX-5 before driving her young charge back home to West Hills after a nearby music lesson.

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Times and an editor at Architectural Digest. The price of a gallon of gas has risen about 80 cents over the past month. Under the waiver, refineries are immediately permitted to produce the winter blend, which should increase supply of gasoline and reduce prices, analysts said. Elementary students shaken up after tornado touches down in Madera Co. County drop since February. That is up 18 cents from last week and 38 cents from last month. Fourth of July gas prices take an almost unprecedented plunge. Follow Us:. Gas prices continue to drop across the U. March 2, For Subscribers.

Los Angeles is not alone in its pain as the cost of gas spikes across the nation. And according to analysts, the switch to a more expensive summer blend for other parts of the country promises the hurt will not stop anytime soon.

California no longer has the most expensive gas prices in the country. A gallon of regular in L. The eye-popping prices in the nation's most populous state owe to a surge in the cost of crude oil combined with output disruptions that have choked refinery capacity, industry analysts told ABC News. With gas prices again on the rise, relief could be on the way. Businesses in Shaver Lake stay busy, despite China Peak closure. Full Story. On Thursday, a key measure of crude oil prices reached its highest level in more than a year. California Gov. AAA officials blamed both regional and global factors for high prices, including the floods in Libya. Carly Olson. By Max Zahn. ABC7 Eyewitness News.