Business & Tech
SoCal Gas Prices Soar
The closure of a Mexico refinery boosted fuel prices to as high as $4.89 a gallon in North Hollywood.
The average price of a gallon of self-serve regular gasoline in Los Angeles County on Wednesday recorded its largest daily increase since May 12, rising 5.8 cents to $4.259 -- its highest amount since June 1.
The average price has increased by more than 1 cent on each of the past five days and is 11.6 cents more than a week ago, 8.6 cents higher than a month ago and 41.8 cents greater than at this time last year, according to figures from the AAA and Oil Price Information Service.
At the Mobil at 11680 Burbank Blvd., the price for a gallon of unleaded gas rose to $4.89, according to Gas Buddy.
The increasing prices are the result of supply issues, stemming from reported increases in West Coast refinery exports to Mexico and the continued closure of the Chevron refinery in Richmond because of a major fire Aug. 6, the Automobile Club of Southern California's Marie Montgomery Nordhues told City News Service.
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