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Tensions between Russia and Ukraine may lead to higher gas prices in the US
Gas prices continue to rise as crude oil prices remain high amid ongoing global tensions related to uncertainty over Russia’s intentions toward Ukraine.
LOS ANGELES - Gas prices continue to rise across California, reaching new record highs.
The average price of a gallon of self-serve regular gasoline in Los Angeles County rose two-tenths of a cent Sunday to $4.786, its 15th record high in the last 17 days.
It is 2.4 cents more than one week ago, 11.3 cents higher than one month ago and $1.165 greater than one year ago, according to figures from the AAA and Oil Price Information Service.
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The Orange County average price rose three-tenths of a cent to a new record high of $4.763, one day after dropping one-tenth of a cent to end a run of seven increases in eight days. It is 2.5 cents more than one week ago, 10.7 cents higher than one month ago and $1.151 greater than one year ago.
In West LA prices are well over $5.
Prices continue to rise as crude oil prices remain high amid ongoing global tensions related to uncertainty over Russia’s intentions toward Ukraine.
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City News Service contributed to this report