The average price of a gallon of self-serve regular gasoline in Los Angeles County moved within 2.8 cents of its all-time high Tuesday, increasing a half-cent to $4.677.
The average price has risen nine of the past 10 days, increasing 8.8 cents, including seven-tenths of a cent Monday, according to figures from the AAA and Oil Price Information Service. It is 8.6 cents more than one week ago, 19.7 cents higher than one month ago and $1.526 greater than one year ago.
The record high in Los Angeles County is $4.705, set Oct. 9, 2012.
“Average gas prices in many Southern California regions continue to climb toward their prior record highs set in October 2012 but there is a small gleam of hope as some of the production issues that plagued refineries in the region seem to be abating, demand seems to be softening nationally according to OPIS, and the (U.S. Energy Information Administration) noted (Monday) that many of the shale oil production sites in the country have been increasing production,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
In Pasadena, the cheapest gas prices reported by GasBuddy.com was $4.29 per gallon for regular, being sold in a foursome of stations along Washington Boulevard at the ARCO, 101 E. Washington Blvd., Garo Gas at 960 E Washington Blvd., Valero at 1600 E Washington Blvd., and CTC Equity at 1414 E. Washington Blvd.