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Gas Prices Steady After 13-Day Rise

After 13 days of increasing gas prices, the cost of a gallon of gasoline finally fell by two-tenths of a cent to $4.303.

Patch File Photo
Patch File Photo

BY JEFFREY SPRING

City News Service

The streak of increases to the average price of a gallon of self-serve regular gasoline in Los Angeles County ended today at 13 days with a decrease of two-tenths of a cent to $4.303.

The average price increased 22.8 cents during the streak, including seven-tenths of a cent on Wednesday, to its highest amount since March 3, 2013, according to figures from the AAA and Oil Price Information Service.

Despite today's small decrease, the average price is 15.2 cents more than one week ago, 25.9 cents higher than one month ago and 30.3 cents above what it was one year ago.

The Orange County average price rose for the 16th consecutive day, increasing 1.3 cents to $4.289, its highest amount since March 4, 2013.

An increase of one-tenth of a cent extended the streak of rising prices in Orange County to 18 days. The average price of $4.298 is the highest since March 2, 2013 and 16.4 cents more than one week ago, 26.6 cents higher than one month ago and 33.6 cents above what it was one year ago.

The Orange County average price has increased 24.8 cents over the previous 18 days, including eight-tenths of a cent on Wednesday.

The increasing prices are the result of reduced supply caused by two refineries being at least partly offline for longer than expected for maintenance, a 35 percent increase in gasoline exports, and an increase in ethanol costs due to difficulties in shipping it from outside California, according to Marie Montgomery of the Automobile Club of Southern California. Ethanol is used as an additive in California's summertime blend of gasoline.

OldTimer April 18, 2014 at 02:58 AM
Shelly, not exactly accurate. Go look at the chart for gas prices in California and go back 10 years. You will see an enormous increase in average price over that period of time. You make it sound as if gas prices have been stable over time. And that gives a misleading impression.
Homer April 18, 2014 at 11:59 AM
Just returned from a trip toward the eastern states. Low of $3.29 to a high of $3.59 for 87 octane.
Megan V April 18, 2014 at 12:20 PM
Let's not forget the "summer blend" that we are forced to purchase. This does nothing but increase the gas prices, as this article states, the ethanol for the summer blend was a factor of the increase. There's no proven need for this more expensive blend they roll out when more gas is being consumed.
OldTimer April 18, 2014 at 02:54 PM
Megan, the average price of gas NATIONALLY has skyrocketed over the last 10 years. Review the price charts. All public information. The California electeds love higher gas prices because the State collects the tax based on the PERCENT of the standing price per gallon. The higher the price the more you pay the governor. So they will use any old excuse to make you pay more. I expect gas to hit $5 a gallon this summer, even with the claim that we (the US) is producing more oil than ever. Supply and demand???? Sure. Pull my other thumb!!!
Homer April 20, 2014 at 12:36 PM
Summer blend and Winter blend. Next they'll create marketing for "transitional" blends.

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