The Breakdown

Explaining Southern California's economy

Los Angeles gas prices are stable but still high

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The fire at Chevron's Richmond refinery in the Bay Area several weeks ago caused gas prices in the Southland to shoot above $4 a gallon on average. And there they have stayed. According to GasBuddy.com, a gallon of regular currently costs Angelenos about $4.11. That's where the average, more or less, has been for a week.

The U.S. Energy Information Administration released its weekly survey of gas prices nationally, and it shows that L.A. drivers shouldn't be shocked at the $4-plus pricing. The entire West Coast region (there are five regions in the U.S.) hit $4 on August 20, with California accounting for a notable 22 cents of that average. Take California out of the picture and West is paying $3.78 on average for a gallon of regular.

The West Coast region has seen by the largest year-over-year increase in the price of gas: 31 cents.

In L.A., one important mark hasn't yet been crossed: $5 a gallon. The most expensive gallon of 87 octane is still a penny shy of that threshold, at $4.99.

Follow Matthew DeBord and the DeBord Report on Twitter. And ask Matt questions at Quora.

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