.

Gas Back Over $4, Where's the Cheapest in Noho and Toluca Lake?

The average price has risen 31 of the past 33 days.

The average price of a gallon of self-serve regular gasoline in Los Angeles County today surpassed the $4 mark for the first time since Nov. 6, increasing 2.8 cents to $4.006.

The average price has risen 31 of the past 33 days and 35 of the past 38, including 6.3 cents on Saturday, according to figures from the AAA and Oil Price Information Service.

To find the cheapest gas in the North Hollywood-Toluca Lake area, click here.

The average price is 24 cents more than one week ago, 38.1 cents higher than one month ago and 20.8 cents greater than one year ago.

The Los Angeles County average price is the highest in the state and the only region where it is above $4. The lowest average price is $3.712 in Modesto.

The Orange County average price rose 2.8 cents today to $3.991, its highest amount since Nov. 3. It is 25.4 cents more than one week ago, 38.3 cents higher than one month ago and 19.9 cents greater than one year ago.

The Orange County average price has risen 36 times in the past 41 days, increasing 44 cents over that span, including 6.3 cents on Saturday.

The Orange County average price matches San Luis Obispo County for the third highest in the state, behind Los Angeles County and Ventura County, where the average price is $3.996.

The increasing prices are the result of high oil prices, Middle East tension, maintenance at refineries that reduces supplies and investors shifting their money into the gasoline market "earlier and earlier," according to Jeffrey Spring of the Automobile Club of Southern California.

Bob Peppermuller February 04, 2013 at 09:51 PM
Price differences are meaningless once you get above $3/gal. There is no competition. All brands of gasoline raise their prices in lock step with each other.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »