Gas Price Hits Record High $6.466 in Los Angeles; Soars Past June High

Gas prices hit a record high in Los Angeles County of $6.466 per gallon on Monday morning, soaring past the previous record set during the nationwide price surge this past spring.

Local ABC affiliate KABC-7 reported:

The average price of a gallon of self-serve regular gasoline in Los Angeles County rose seven-tenths of a cent to a record $6.466 Monday, topping the previous high of $6.462 set June 14.

The average price has risen 31 consecutive days, increasing $1.22, including 1 cent Sunday and 15.3 cents Thursday, the largest daily increase since the record 19.2-cent hike on Oct. 5, 2012, according to figures from the AAA and Oil Price Information Service.

The streak of increases follows a run of 78 decreases in 80 days totaling $1.216 that began June 15, one day after the average price rose to a record $6.462.

As Breitbart News has reported, gasoline prices have risen in California over the past several weeks, despite a gradual decline across the nation, due to several unique factors, including problems at local refineries. Californians already paid the highest gas prices in the nation, due to environmental regulations and taxes, but the limited number of refineries — thanks to those same regulations — means that when some are down for maintenance, whether scheduled or unscheduled, the state cannot easily replace the missing supply.

Read full article:

https://www.breitbart.com/economy/2022/10/03/gas-price-hits-record-high-6-466-in-los-angeles-soars-past-june-high/

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