Commodities
LA Gas Prices Hit New High for 27th Straight Day
The Los Angeles and Orange County gas prices have continued their upward trend for the 27th consecutive day, according to figures from AAA and Oil Price Information Service. The average price of a gallon of self-serve regular gasoline in LA County has increased six-tenths of a cent to $6.044, its highest amount since June 2.
The total increase over the past 27 days is 40.2 cents, with the Orange County average also rising for the 27th straight day and increasing four-tenths of a cent to $6.012, its highest amount since May 29.
Patrick De Haan, head of petroleum analysis at GasBuddy, notes that the national average price is increasing during a season when gas prices typically go down due to lower gasoline demand.