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LOS ANGELES (CBSLA) — What was as soon as unthinkable is now a Southern California truth of life – gasoline costs throughout the area are at $5 or extra, and there doesn’t look like any finish to the ache on the pump in sight.
The common worth of a gallon of self-serve common gasoline in Los Angeles County rose twice over the weekend – 9.5 cents on Saturday and 12.8 cents on Sunday. The common worth hit a report excessive for the twenty ninth time in 31 days on Monday, going up once more 5.4 cents to $5.429.
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In Los Angeles and Orange counties, the common value for a gallon of gasoline is $5.43. In Ventura County and the Inland Empire, the common worth for that very same gallon of gasoline is just a bit much less at $5.34 and $5.32, respectively.
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Nonetheless, eye-popping costs have been noticed at a number of stations throughout Southern California. One other station had a gallon of normal gasoline at $6.65. In distant areas like Gorda in Monterey County, a station was noticed with gasoline costs nicely over $7.
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Oil business analysts say the spike in costs is because of a provide scarcity from merchants, shippers, insurance coverage firms, and banks avoiding Russian oil transactions amid the battle in Ukraine.
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