The average price of a gallon of self-serve regular gasoline in Los Angeles County Monday set a record for the 10th consecutive day, rising 1.5 cents to $6.37.
The average price risen 27.5 cents over the past 12 days, including 3 cents Sunday, according to figures from the AAA and the Oil Price Information Service. It is 20.4 cents more than one week ago, 51.4 cents higher than one month ago and $2.125 greater than one year ago.
The Orange County average price set a record for the 10th consecutive day, rising 1.1 cents to $6.34. It has risen 28.2 cents over the past 11 days, including 2.4 cents Sunday.
The Orange County average price is 19.8 cents more than one week ago, 54 cents higher than one month ago and $2.146 greater than one year ago.
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.
The national average price rose 1.7 cents to a record $4.865.
“Supply and demand dynamics have contributed to rising pump prices,” said Andrew Gross, an AAA national public relations manager. “Coupled with volatile crude oil prices, pump prices will likely remain elevated as long as demand grows and supply remains tight.”
