The average price of a gallon of self-serve regular gasoline reached the $4 mark in Los Angeles and Orange counties today for the first time since mid-June after huge price hikes triggered by a Northern California refinery fire expected to reduce gasoline supplies.
The Los Angeles County average price rose 5.7 cents to $4.013, surpassing the $4 mark for the first time since June 16, while the Orange County price increased 5.6 cents to $4, reaching that level for the first time since June 14, according to figures from the AAA and Oil Price Information Service.
In La Cañada the cheapest gas can be found at the Arco Station, 550 Foothill Blvd., according to GasBuddy.com. The $3.89 per gallon price is the least expensive in the city, followed by $3.95 at 76 Station on Foothill Boulevard and Alta Canyada Road. For additional stations and their costs, please click the Patch Commute tab.
The daily increases in both Los Angeles and Orange counties were the
largest since May 12. There were similar overnight increases a day earlier. The Los Angeles County average price has risen 28 of the past 29 days
and is 15.4 cents more than one week ago, 31.1 cents higher than one month ago and 24.3 cents greater than one year ago. It has risen 32.1 cents over the past 29 days, including 5.6 cents on Thursday.
The Orange County average price has risen 27 of the past 29 days and is 15.5 cents more than one week ago, 34.5 cents higher than one month ago and 24.6 cents greater than one year ago. It has risen 34.2 cents over the past 29 days, including 5.5 cents on Thursday.
"Monday night's major fire at the Chevron refinery in Richmond had an
immediate effect on the wholesale gasoline market on Tuesday, which caused gas prices to shoot up since then,'' said Jeffrey Spring of the Automobile Club of
The fire broke out Monday and was caused by a leak at the refinery, according to The Associated Press. The Richmond refinery is located about 10 miles northwest of San Francisco and produces about 150,000 barrels of gasoline a day — or 16 percent of the region's daily gasoline consumption of 963,000 barrels, Tom Kloza, chief oil analyst at Oil Price Information Service, told The Associated Press.
``However, since that Northern California refinery is still partly operating, the impact may not be as great as what happened in February with the Cherry Point refinery fine in Washington,'' Spring added. More should be known in the next few days.''
The fire at a BP refinery in Washington state in February left the plant out of commission until May, causing gasoline prices in the Pacific Northwest to rise about 70 cents.