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No gas rebates in sight as average prices in L.A. barrel toward $6 a gallon -- again

Los Angeles Times

Experts say a perfect storm of supply-and-demand issues are sending gas prices in Los Angeles soaring again, with the price-per-gallon increasing more than 14 cents in the last 16 days, according to the latest fuel prices tracked by AAA. L.A. fuel prices are again inching toward a $6-a-gallon record set in March. The average price of a gallon of regular gasoline in the Los Angeles area is currently $5.91, with plenty of stations charging well over that. A year ago the price was $4.16. Overnight, the price jumped 2.2 cents, the highest level it has risen since February.

L.A. County gas prices set record for the 14th day in a row

Los Angeles Times

Southern California gas prices continued to soar Friday, with the average price of a gallon of regular in Los Angeles County climbing to $6.445, a new record for the area, according to the American Automobile Assn. The increase marked the county's 14th consecutive record-setting day, leaving average prices about 17 cents higher than one week ago and 55 cents higher than a month ago. Prices in California are the highest in the nation, with the statewide average -- $6.420 -- far above the national average of $4.986. But prices are increasing at a rapid clip nationwide, up 11 cents since Monday. AAA spokeswoman Marie Montgomery said there were several factors behind the painful prices at the pump, including the war in Ukraine and skyrocketing inflation.

Gas prices soar in Southern California as refinery outages take their toll

Los Angeles Times

The price of gas in Southern California has climbed rapidly over the last few weeks as oil refineries across the state experience maintenance problems. The average pump price for regular gas in the Los Angeles-Long Beach area stood at $3.946 on Wednesday, up about 22 cents from a week ago and 70 cents, or 17%, from a month ago, according to the American Automobile Assn. Prices had been relatively stable the last few months -- at $3.25 on Jan. 10 and $3.35 on March 19, according to Patrick DeHaan, head of petroleum analysis at GasBuddy, which tracks fuel prices. "Since then, prices have soared," DeHaan said. The six sites undergoing both planned and unplanned maintenance supply the bulk of refined gas for the state, DeHaan said.

California gas jumps 13 cents overnight. There's no telling when prices will drop

Los Angeles Times

California gasoline prices continue to skyrocket as Russia's war on Ukraine grinds on -- and experts say there's no telling when relief might arrive at the pump. Golden State gas is now $1.32 more than the national average of $4.25, said Doug Shupe, a spokesperson for AAA. Even within California's costly petroleum landscape, certain areas stand out for their eye-popping price tags. How high could gas prices go? Q&A: How President Biden's decision to halt U.S. purchases of Russian oil is likely to affect prices at the pump and beyond?

U.S. agency predicts cheapest summer gasoline prices in 12 years

Los Angeles Times

Drivers across the nation this summer may pay less than they have in years at the pump and that goes for motorists in California, which consistently ranks as the most expensive place in the continental United States to gas up. "It looks like, optimistically, we may get the lowest prices since 2005 … but it's probably more likely the average will be similar to what we had in 2009," said Marie Montgomery Nordhues, spokeswoman for the Automobile Club of Southern California. "U.S. drivers are expected to pay the cheapest summer gasoline prices in 12 years, as low crude oil prices mean more savings at the pump," Adam Sieminski, head of the U.S. Energy Information Administration, said in a statement as the agency came out with its summer fuels forecast Tuesday. With the U.S. starting the spring and summer driving season with gasoline inventories nearly 15 million barrels higher than last year, the agency estimated that for all of 2016, the average household will save about 350 on gasoline compared with last year. The national average for regular grade gasoline is 2.06 a gallon, the lowest for this time of year since 2009.