Southern California breaking news and trends

Gasoline prices in LA now 41.8 cents higher than a year ago

Koehler Urges Higher Gas Prices

Miguel Villagran/Getty Images

File photo of a gasoline hose.

Gasoline prices have seen a sharp spike recently in Los Angeles County, rising over a penny in each of the past five days to $4.259 for regular self-serve unleaded. That is 11.6 cents more than a week ago - the highest gas has cost since June 1.

Last October, L.A. gasoline prices were 41.8 cents cheaper than they are today, according to AAA and Oil Price Information Service. Things are a smidge worse in Orange County where prices are 42.6 cents higher than they were a year ago.

What's to blame? According to Marie Montgomery Nordhues of the Automobile Club of Southern California, the recent spike can be attributed to Monday's brief power failure at the Torrance ExxonMobil refinery.

"Generally when you have something on the mag of the Richmond fire, that would affect prices quickly," Nordhues told KPCC. This uptick is a little surprising, she added, because it wasn't nearly as large.

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California man convicted by Texas jury in gas pump skimmer theft

gas pump

Photo by Andrew Taylor via Flickr Creative Commons

A California man has been convicted in Texas for participating in a multi-state theft ring that used illegal skimmers at gas stations to steal 38,000 debit and credit card numbers -- then siphon $100,000 from bank accounts.

Aleksandr Goukasian, Los Angeles, faces up to life in prison when he's sentenced at a later date. He was convicted Friday of four counts of unlawful possession of an electronic intercept device. He also was convicted of one count each of unlawful use of electronic communications, engaging in organized criminal activity and fraudulently possessing or using identifying information.

Prosecutors in Fort Worth showed evidence that Goukasian's theft ring planted skimmers -- homemade electronic devices intercepting credit card information -- inside gas pumps in California, Las Vegas, Dallas, Fort Worth and Houston.

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Gas up 13.5 cents in CA, lowest May supply in decades

gas pump

Photo by Andrew Taylor via Flickr Creative Commons

The national average for gasoline is falling, but in California, the cost of regular gas jumped more than 13 cents since last week. 

The Western U.S., faced with the lowest May gasoline supplies in 20 years, is seeing a spike in the price at the pump. Up from $4.210 a week ago, the average price for a gallon of regular gasoline in the Golden State is now $4.345, according to the AAA Fuel Gauge Report, reports the L.A. Times. The national average is $3.727 per gallon.

Gasoline suppliers in Washington have been looking to California following a fire that forced a refinery shutdown in March. This, plus the operation of fewer refineries overall, have analysts pointing to refinery maintenance problems as the source of the spikes and shortages. They disagree about how long the situation will last.

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Bloated gas prices drop for the 17th straight day

Koehler Urges Higher Gas Prices

Miguel Villagran/Getty Images

Local gas prices dropped on Thursday for the 17th straight day in Los Angeles county and Orange County. 

The price of a gallon of self-serve regular shed a whopping eight-tenths of a cent overnight and now pumps for about $4.27.

In Orange County, the average price dropped 1.1 cents making $4.24 the magic number per gallon.

The Lundberg Survey, which monitors 2,500 stations across the country, suggests that the price of gasoline nationwide may have peaked, notes Encino Patch.

In the past two weeks the average price of gas in the greater Los Angeles area dropped at total of seven cents.

 

 

 

 

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