LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County rose Friday for the 30th time in 32 days, increasing seven-tenths of a cent to $3.048, its highest amount since April 3.
The average price has risen 17.3 cents over the past 32 days, including eight-tenths of a cent on Thursday, according to figures from the AAA and Oil Price Information Service. It rose 14 consecutive days, dropped one- tenth of a cent June 2, increased the next five days, decreased one-tenth of a cent June 8 and resumed increasing June 9.
The average price is 3.3 cents more than a week ago and 16.5 cents higher than a month ago but 72.1 cents less than one year ago. It has decreased 56.7 cents since the start of the year.
The Orange County average price rose seven-tenths of a cent Friday to $3.024, its highest amount since April 3. It has increased 42 of the past 45 days, rising 25.4 cents, including 1.3 cents on Thursday.
The Orange County average price is 4 cents more than one week ago and 17.6 cents higher than one month ago but 69.7 cents less than one year ago. It has dropped 52.1 cents since the start of the year.
"This week, Marathon announced that it will not reopen its Martinez refinery for the rest of 2020," said Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
"While that primarily affects Northern California, it reduces supply options for Southern California as well and refineries have been buying excess supply on the spot market, pushing overall prices higher."