Business & Tech
Gas Prices Stable After Month of Increases
A refinery fire in Washington is one cause of the sharp rise in February.
Gasoline prices in Los Angeles and Orange counties remained stable today after nearly one month of uninterrupted increases.
The average price of a gallon of self-serve regular gasoline in Los Angeles County rose one-tenth of a cent today to $4.378, one day after increasing two-tenths of a cent, according to figures from the AAA and Oil Price Information Service.
A 27-day streak of increases that ended Monday with a decrease of two- tenths of a cent is responsible for the prices being 2.1 cents more than one week ago, 57 cents higher than a month ago and 46.8 cents greater than a year ago.
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
The Orange County average price fell one-tenth of a cent to $4.36, one day after rising one-tenth of a cent. It is 2.1 cents more than one week ago, 56.1 cents higher than a month ago and 47 cents greater than a year ago.
A 27-day streak of increases ended in Orange County Saturday when the price went unchanged. The Orange County average price rose three-tenths of a cent Sunday and decreased two-tenths of a cent Monday.
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
The market appears to have absorbed a one-day, 35-cent per gallon increase in the wholesale cost of gasoline triggered by last month's major fire at the Cherry Point refinery near Blaine, Wash., according to Marie Montgomery of the Automobile Club of Southern California.
The fire forced the refinery's closure, reducing supply.
In Marina del Rey the cheapest price for regular unleaded is $4.34 at USA Petroleum, 4395 Glencoe Ave. You can check gas prices in the area anytime on Marina del Rey Patch by clicking on the "traffic & gas" tab on the homepage.
