Southern California gas prices near all-time highs

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Southern California gas prices near all-time highs
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On Thursday, gas prices in Southern California were just 21 cents away from breaking a record.

The average price has risen 76.5 cents over the past 23 days, including 2.3 cents Tuesday, according to figures from the AAA and Oil Price Information Service. The average price rose 16 consecutive days, dropped nine-tenths of a cent Thursday and 2.3 cents Friday, then resumed increasing Saturday.

The average price is 9.3 cents more than one week ago, 79.9 cents higher than one month ago and 20.3 cents above what it was one year ago. It has dropped 33.2 cents since rising to a record $6.494 on Oct. 5.average price rose for the 24th time in 26 days, increasing 2.1 cents to $6.132. The average price has risen 81.6 cents over the past 26 days, including 2.3 cents Tuesday.

The Orange County average price rose 19 consecutive days, dropped 3.3 cents Thursday and 2.5 cents Friday, then resumed increasing Saturday. It is 8.7 cents more than one week ago, 82.3 cents higher than one month ago and 19.5 cents above what it was one year ago.The national average price resumed dropping, decreasing six-tenths of a cent to $3.832, one day after it dropped 1.1 cents. It is 4.3 cents less than one week ago but 1.4 cents more than one month ago and 8.

"But new and continued refinery issues in some regions have had an oversized effect on gas prices in some states, especially in Southern California, Arizona, and Nevada. While most states are likely to continue seeing gasoline prices fall in the week ahead, any new refinery issues as others begin maintenance could be problematic."

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