LOS ANGELES (CNS) – The average price of a gallon of self-serve regular gasoline in Los Angeles County rose by a steep 1.7 cents today to $3.711, the 19th increase in 20 days.
The average price is 4.1 cents more than one week ago and 7.6 cents higher than one month ago but 2.1 cents less than one year ago, according to figures from the AAA and Oil Price Information Service.
The average price has increased 12.6 cents over the past 20 days, including three-tenths of a cent on Tuesday.
The Orange County average price recorded its largest daily increase since Oct. 7, 2 cents, to $3.692. It is 4.1 cents more than one week ago and 9 cents higher than one month ago but 2.9 cents less than one year ago.
The Orange County average price has risen 21 times in the past 25 days, increasing 13.7 cents over that span.
Today’s sharp increases are the result of crucial equipment at the BP refinery in Carson being de-activated for unplanned maintenance and the catalytic cracker at the Chevron refinery in El Segundo being shut down as well, cutting supplies, according to industry analyst Bob van der Valk.
Catalytic cracking is a critical step in turning petroleum into gasoline.
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