SHOCKING SIGHT: A gas station near the Beverly Center advertised an eye-popping $6.15 for regular gas.
The average price of a gallon self-serve gasoline in Los Angeles County continues to rise steadily, reaching its 19th record in 22 days on Friday by increasing $2.6 cents to $4.848. The average price has increased 22 times in 25 days, rising 17.7 cents in that time, according to figures from the AAA and Oil Price Information Service.Orange County is feeling the pain at the pump too, after notching its 18th record since Feb. 3 with an increase of 2.5 cents to $4.827.
Experts say Russia’s invasion of Ukraine is behind the surging gas prices because Russia is one of the world’s largest oil producers. Immediately after the invasion, the price of a barrel of crude oil surpassed the $100 mark for the first time in eight years.Higher prices are also being pressured up by a report released this week indicating that West Coast gasoline supplies are at their lowest levels for the year, according to Doug Shupe of the Automobile Club of Southern California.
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