Pain at the Pump: Gas Prices Creep Toward $5
SANTA MONICA, Calif. (KTLA) — Gas prices have been soaring over the last month, and they’re showing no signs of letting up.
Los Angeles seems to be getting hit the hardest, with prices at many stations creeping over $5 per gallon.
That’s an increase of 20.7 cents since last week, 45.6 cents in the last month, and 31 cents since last year.
In Orange County, the average is $4.11, which is the highest since October and the third highest number in the state.
According to AAA, the spike in gas prices is due to some western refinery problems
They’re currently operating at only 75 percent capacity — less than any other region — and there are no inexpensive alternatives.
In addition, we just switched over the the summer blend of gasoline, which is more expensive. Also, California has a more expensive blend to help with pollutants.
AAA says that inventories are expected to increase again locally, and they hope that stabilizes gas prices.
-Jennifer Gould reporting