SoCal Gas Prices Soar; Highest Since Fall ’08

LOS ANGELES (CBS) — The average price of a gallon of self-serve regular gasoline in Los Angeles County rose to its highest amount since Oct. 12, 2008 Monday, increasing three-tenths of a cent to $3.444.

KNX 1070’s Jon Baird reports as prices inch closer to $4 a gallon, drivers can do little bu shake their heads and dig deeper into their wallets.

The 12th increase in 13 days pushed the average price 3.9 cents higher than a week ago, 9.2 cents above what it was one month ago and 47.9 cents greater than it was one year ago, according to figures from the AAA and Oil Price Information Service.

The Orange County average price rose to its highest amount since Oct. 11, 2008 today, increasing one-tenth of a cent to $3.44, 3.7 cents more than a week ago, 9.4 cents higher than one month ago and 49.1 cents above what it was one year ago.

The Orange County average price has increased 12 of the past 13 days, including nine-tenths of a cent Sunday.

Energy analyst are predicting oil, gas and diesel prices will all move higher in 2011.

(©2010 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)

  • Man with a wooden leg

    You know, in the Philippines….when prices soar like that, everyone stops doing what they are doing and will protest on and around every Gas station throughout……but here, NO one does a thing! Does anyone care that your money is being ripped off? The trillions of dollars in profit?? Before you were all working to put food on the table but now its to pay the gas just to get to work…..I DON’T GET IT!

    Research a break down of the gas companies expenses and it wont add up to WHY they bump the price….Why does everyone allow this to happen?? SHUT down the city and protest!

  • DavidH

    I HOPE that the price of gas goes to $5 a gallon. It keeps the “riff-raff” off the streets. Besides, in Europe the price is over $7 a gallon and you don’t see people complaining over there about it. Get over it and get used to it.

    • hey

      but the reason that it is so high is because they use it for public transit. here any tax goes to welfare recipients

    • Kim

      DavidH, What a pompous comment! What you call riff raff are people trying to get to work to ffeed their families, pay their rent etc. According to your “logic”, you seem to believe only wealthy people should be driving? And because Mr. Pompous mentions the high prices in Europe, we should just accept the same here? Ridiculous.

  • American

    Because it seems Americans are like sheep they just go with the flow and rely on everyone.



  • ohwell

    That’s not as much as it is down here so I don’t see why its such a big deal in Los Angeles, maybe I’m missing something…

  • Duh!

    Just think how much more you will be paying once the Governor puts in his tax hike on gas (he’ll no doubt call it a fee)

  • CarmaDogma

    Yeah, keep publishing in the news how prices are expected to continue to soar. You’re practically giving them permission to. The current barrel price doesn’t explain it, we were triple digit per barrel back in ’08. Since we’re clearly not there what is their excuse this time? I know there is a growing number all vying for the same 80 million barrels per day so we SHOULD expect prices to rise. But not when the price of crude is not following the increase ratio formula. One of these days we’ll be sticking a straw into the ground and the only thing we’ll get is that empty milkshake sound.

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