Climbing prices, combined with low inventory, is causing worry for some would-be home buyers, concerned about the possibility of another bubble.
AAA says the average price of a gallon of gas now tops $3.93 in L.A. County.
Los Angeles County Friday recorded its largest daily increase for a gallon of gas since February, up more than 5 cents to $4.104.
Gas prices have dipped slightly after a 27-day rising streak. The average cost for a gallon of regular, unleaded self-serve gasoline dropped one-fifth of a cent Monday.
In Los Angeles and Orange counties, the price of a gallon of gas jumped 5 cents overnight.
Soaring gas prices are giving drivers a new round of pain at the pump. The average price for a gallon of gas in the LA-Long Beach area has jumped to $4.25 a gallon, which is up six cents from Thursday, and 25 cents from a week ago.
Gas prices have risen to historically high levels since the beginning of September, analysts say.
News that U.S. home prices rose for the first time in eight months sent stocks higher Tuesday morning.
A monthly survey says concerns about jobs and inflation eased in April, pushing the Consumer Confidence Index above expectations.
The average price for a gallon of self-serve regular gasoline in Los Angeles County has risen to the highest amount since August 24, 2008, increasing 1.1 cent Wednesday to $3.929.
Sales of million dollar homes in California are on the rise for the first time since 2005.