Gas Prices On The Rise, Expected To Top $4 A Gallon

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LOS ANGELES (CBS) — The average price for a gallon of self-serve gasoline in Los Angeles County rose Monday for the 18th consecutive day.

At $3.73 a gallon, the price is nearly 11 cents higher than it was a month ago, and 39 cents higher than it was one year ago. The average price in Orange County is also up to $3.72.

Before this increase, prices had actually fallen for 42 straight days.

Analysts blame the hike on the economy, as well as violence in the Middle East.

Prices are expected to peak above $4 a gallon in 2012.

AAA says California has the highest gas prices in the nation.

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