Gas Prices Soar to $6 Per Gallon in Parts of LA County, Squeezing Drivers

Average gas price in LA County jumped nearly 20 cents in 48 hours to $5.91 per gallon, with some stations over $6/gallon
Prices have risen 94 cents in 57 days due to ongoing refinery issues and unexpected outages disrupting supply
Driver with mobile pet grooming business says she's keeping trips local due to high prices over past year
Expert says increase should stick around 1-2 more weeks before moving downward, barring more refinery issues
AAA rep says usual fall decline in gas prices being slowed by high oil costs amid lower seasonal demand

abc7.com

Relevant topic timeline:

8/21/2023

California gas prices rise above $5 a gallon

Gas prices in California have risen to $5.26 per gallon, an increase of nearly $0.40 in the past month, and could be further impacted by Tropical Storm Hilary, potentially causing refinery shutdowns and further price increases.

8/31/2023

Labor Day weekend gas prices are near all-time highs

Gas prices in the US are at historically high levels for Labor Day weekend due to factors including OPEC supply cuts and extreme heat affecting refineries, with the national average for regular gas at $3.83 per gallon, just shy of the record set in 2012 at $3.84 per gallon.

8/31/2023

U.S. Gasoline Prices Rise Ahead Of Labor Day Weekend

The average retail price of regular gasoline in the United States has increased by 6% over the past five weeks, reaching $3.81 per gallon heading into the Labor Day weekend, due to factors such as oil production cuts, low gasoline inventories, and refinery maintenance.

9/8/2023

Gas Prices Could Spike 50 Cents to $1 in Minnesota and Nearby States Due to Refinery Outage

GasBuddy predicts a potential spike in gas prices of 50 cents to $1 per gallon in several states, including Minnesota, due to a possible refinery outage.

9/11/2023

Gas Prices Soar Across Las Vegas with Only 1 Station Below $4

Gasoline prices in Las Vegas remain above $4 per gallon, with only one station offering a lower price, due to refinery disruptions and price spikes in the Corn Belt and West Coast regions.

9/14/2023

Inflation Jumps to Highest Level This Year Driven by Energy Prices; Asia Stocks Rise Despite China Real Estate Woes

Gasoline prices rose 10.6% in August, contributing to the biggest monthly increase in U.S. consumer prices this year, but the overall inflation outlook remains optimistic as gas prices are expected to fall in the coming months. Core inflation, excluding food and energy prices, also increased, but analysts believe it is just a temporary bump and the overall trend is still heading in the right direction.

9/15/2023

Gas Prices Hit Record Seasonal High, Adding to Inflation Woes as Oil Supply Crunch Persists

Gasoline prices in the US have reached a record high for this time of year, posing a challenge to President Joe Biden's fight against inflation.

9/17/2023

California Gas Prices Reach New Highs, Driven by Taxes and Lack of Competition

Gas prices in the United States have been increasing due to OPEC's reduction in drilling, and California has the highest gas prices in the country due to high state taxes and limited competition in the gasoline market.

9/18/2023

Gas Prices Climbing Due to Refinery Issues and High Crude Prices; Administration Monitoring Impact

The average price of gasoline in the United States has risen to $3.881 per gallon, compared to $3.678 per gallon a year ago, due to refinery outages in the western United States.

9/20/2023

Gas Prices Reach 11-Month High Due to Oil Supply Cuts and Seasonal Factors, But Falling Demand Could Provide Relief

Gas prices in the US have reached their highest level in 11 months, posing challenges for the Federal Reserve in its campaign to control inflation. Factors contributing to the increase include rising oil prices, production cuts by Saudi Arabia and Russia, reduced refinery production due to hot weather, and low reserves in the Strategic Petroleum Reserve. However, prices are expected to decrease with the switch to a cheaper gasoline blend in the fall and projected global economic slowdown in 2024.