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The average price of a gallon of self-serve regular gasoline in Los Angeles County remained one-tenth of a cent shy of its record high Tuesday, as a 13-day streak of increases ended when it was unchanged.
The average price rose 11.3 cents during the streak, including three-tenths of a cent on both Sunday and Monday, to $4.704, according to figures from the AAA and Oil Price Information Service. It is 2.7 cents more than one week ago, 15.7 cents higher than one month ago and $1.561 greater than one year ago.
The record price is $4.705, set Oct. 9, 2012.
“Crude oil has remained below $80 per barrel since Friday which is a sign that pricing is stabilizing,” Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager, told City News Service.
“We have also seen that some markets in Northern California have dropped by a few tenths of a penny in the past couple of days so we may be near a peak in prices in California.
In Pasadena, industry watchdog GasBuddy reported Monday the cheapest gasoline prices in Pasadena was at the ARCO at 445 E. Walnut St., where regular was going for $4.55 a gallon and premium was $4.89.
At the Union 76 at 122 N. Lake Ave. regular was $4.59 and premium $4.94, GasBuddy reported.
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