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Gas Prices Climb Above $4 in L.A. After 13-Cent Jump Overnight; Some Stations Charge More Than $5

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As gasoline prices continued to climb across Southern California, the average cost of a gallon of regular unleaded soared above $4 on Monday in some areas after a sharp increase in price overnight, according to the latest report from AAA.

A Chevron gas station near Union Station in downtown L.A. was charging more than $5 a gallon for gasoline on July 13, 2015. (Credit: KTLA)

A Chevron gas station near Union Station in downtown L.A. was charging more than $5 a gallon for gasoline on July 13, 2015. (Credit: KTLA)

The highest price was in the Los Angeles area, where motorists could expect to pay, on average, $4.05 at the pump. The figure represented a 13-cent jump in the area from the previous day, AAA figures released on Monday showed.

Still, many gas stations were charging well above that figure for a gallon of regular gas, with many stations inching closer to the $5 mark and some charging more.

One Chevron station near Union Station in downtown Los Angeles was charging as much as $5.59 a gallon for gasoline on Monday, video showed.

Prices have jumped some 50 cents on average in the L.A. area since last week, according to AAA.

Elsewhere in Southern California, prices also crossed the $4 threshold in Orange County and Ventura, as both areas averaged roughly $4.01 a gallon.

The cheapest gas could be found in Riverside and San Bernardino counties, where the average hovered around $3.92.

According to the website Gas Buddy, prices have spiked around the state as traders reacted to a recent Energy Information Administration report that showed fuel imports to the region had declined to zero, the first time that has happened since March.

Additionally, refinery issues on the West Coast over the past several months have caused a decline of some 1 million barrels in gasoline inventory, making the region more heavily reliant on imports.

Prices may continue to trend upward for several more days in the state, but the rate of increase is expected to slow in the days that follow, according to GasBuddy.com.
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