Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Los Angeles Times
Los Angeles Times
Business
Andrew Khouri

BRIEF: L.A. gas prices jump 20 cents in a week, GasBuddy says

Feb. 09--Gas prices are going up.

The average price for a gallon of regular rose 20 cents in Los Angeles in the past week, hitting $2.680 Monday, according to price tracking website GasBuddy.com.

Prices usually go up this time every year as refineries close for regular seasonal maintenance. Prices are still far below the $3.671 level seen this time last year.

The cost of oil has plunged since summer on concerns about weak overseas demand and a surplus of crude, especially from higher production in North America. Crude prices have increased recently, however, contributing to the rise at the pump.

So far a nationwide refinery strike has not contributed to the higher prices, GasBuddy says, but if the walkout starts to have an effect on production that could change. Typically, refineries keep operating despite walkouts.

Workers with the United Steelworkers union are on strike at 11 refineries. They began the job action last week after contract talks broke down. It is the largest refinery strike since 1980.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.