Wednesday, October 9

Gasoline prices in Los Angeles County had a short-lived decline after breaking a 32-day streak of increases

El precio de la gasolina repuntó este lunes en el Condado de Los Ángeles.
The price of gasoline rose this Monday in Los Angeles County.

Photo: FREDERIC J. BROWN / AFP / Getty Images

Ricardo Roura

After breaking a streak of on Sunday days of increases, the price of gasoline in Los Angeles County rose again this Monday.

According to data from the American Automobile Association (AAA), the gallon of regular gasoline in the county was established this Monday at $6.071 dollars, 2 cents more expensive than on Sunday, when the first drop after more of a month of constant increases.

The average price of a gallon of self-serve regular gasoline in Los Angeles County decreased one-tenth of a percent Sunday to $6.52, breaking a streak of 21 consecutive increases that pushed it to record highs. https://t.co/m8AcGdHmPC

—FOX 11 Los Angeles (@FOXLA) March 28, 2022

On Sunday, the price of fuel had registered a decrease of 1 cent, to stand at $6.069 dollars, enough to stop the wave of increases that lasted during 28 days in a row and reaching levels never seen before.

During the streak, the price average rose $1.129 dollars, according to data from the AAA and the Oil Price Information Service.

A gallon of regular gasoline is 9 cents more expensive than a week ago, $1.21 dollars more s than a month ago and $2.129 dollars higher than a year ago.

In Orange County, where on Sunday the average price also broke a streak of 35 consecutive raises to stand at $6. 024 Dollars per gallon, this Monday it rose again to stay at $6.027 dollars.

The Median price in Orange County is 8.2 cents higher than $1 a week ago.21 dollars more than a month ago and $2.105 dollars more expensive than a year ago.

A missile attack that occurred on Friday against an oil distribution facility in Saudi Arabiaa led to another series of increases in the price of a barrel of Brent crude in I CE Futures Europe, which was also reflected in the cost of gasoline.

With this incident, the price of a barrel of oil gained on Friday $12.72 dollars, to be quoted in $127.65 Dollars , $7.21 dollars less that your maximum of 32 weeks of $ 127.98 dollars, which was registered on March 8.

According to the United States Energy Information Administration, the cost of crude oil represents a little more than half the price of gasoline.

The rest of the price includes the other components of gasoline, costs of p production and distribution, overhead costs for everyone involved in production, distribution and sales, as well as California carbon offset taxes and fees paid by refiners .

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