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Average Gas Price Once Again Over $4

Prices have been steadily climbing for the last month.

Gas prices rose to over $4 in Los Angeles County for the first time since Nov. 6.

Average prices increased to an average of $4.06 in L.A. County, up from $3.62 a month ago, but still below the highest recorded average price of $4.70 on Oct. 9, 2012, according to AAA. 

In Marina del Rey, the lowest price for regular gasoline as of Sunday was $3.93 at USA Gasoline, located at 4395 Glencoe Ave., according to Gas Buddy.

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 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.

City News Service contributed to this report.

John hacker February 04, 2013 at 03:31 PM
The price increase is really due to the greed of the sheep herders that herd us all. Their wars are expensive, the price of their Russian hookers has increased and the larger size of their yachts means more fuel. Greed fuels all of this bullshit.

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