The average price of a gallon of self-serve regular gasoline in Los Angeles County rose 5.4 cents to $5.429 Monday, its 29th record in 31 days.
The average price rose 9.5 cents Saturday and 12.8 cents Sunday, its second-largest increase since July 14, 2015, according to figures from the AAA and Oil Price Information Service.
The Los Angeles County average price has risen 33 times in 36 days, increasing 76 cents. It is 54.3 cents more than one week ago, 68.9 cents higher than one month ago and $1.621 greater than one year ago.
The Orange County average price rose 4.7 cents to $5.426, its 28th record in 33 days.
The Orange County average price has increased 23 of the past 25 days, rising 70.4 cents. The Orange County average price is 54.3 cents more than one week ago, 68.9 cents higher than one month ago and $1.621 greater than one year ago.
Oil industry analysts attribute the price spike to the possibility of a supply shortage because traders, shippers, insurance companies and banks are avoiding Russian oil transactions for fear of running afoul of Western sanctions.
The price spike “is not exactly surprising — it is the cost of choking off Russia from energy revenue,” said Patrick De Haan, head of petroleum analysis for GasBuddy, which provides real-time gas price information from more than 150,000 stations.
Open the Keystone pipeline!
Where are all the complainers about how this hurts the less fortunate the most? When you vote with feelings instead of intellect you shall reap what you sow. Enjoy the high price of everything!! Brandon doesn’t care about you. He doesn’t care about America in general. If he did we wouldn’t be here talking about $150 oil.
Let me know when everyone is up for a celebratory ride up and down Santa Monica Blvd!!!!
Hey man, it’s like the white house said just “get an electric vehicle”. I’m sure everyone has tens of thousands of dollars saved up especially after this whole “2 week” lockdown right?
Since the price of everything has excessively gone up (and will keep going up for years on end), it clearly shows people have money to spend. Right?
It would be interesting to hear the thoughts of the Biden/Harris supporters on the current events.
Awww the poor Let’s Go Brandon sheep. I wonder how they’re feeling now without the much needed US oil Brandon stopped from being drilled. Oh that’s right, the hired help rides Metro.
“Awww the poor Let’s Go Brandon sheep”
So… you?
Oh you nelly Henny Penny, your current on his knees giving lip service to Putin president is as effective as Jimmy Carter was.
Florida man can rhyme! Good for you 👏
You support the injection of transgenderism into k-3? For the math challenged that’s 9 years old and younger.
You are a deranged person.
Lol what?!
But at least there’s no more mean tweets right?
Lol