LOS ANGELES (CBS) — Rising oil prices are pushing the cost of gasoline to record-levels.READ MORE: 2 Dead, 1 Critically Injured In Compton Crash Stemming From Pursuit
In Los Angeles and Orange counties, the price of a gallon of gas jumped 5 cents overnight.
At a Shell station in downtown Los Angeles, the price of a gallon of self-serve regular Saturday rose to $4.31; $4.53 for super and $4.49 for diesel, according to CBS2’s Mike Dinow.READ MORE: Claremont Hit Hard By High Winds, With Nearly 20% Of Residents Losing Power Friday Night
On Friday, the national average was its highest ever for this time of year — $3.69 a gallon, according to Dinow.
Experts say the soaring gas prices are due in part to escalating tensions with Iran over its nuclear program.MORE NEWS: Slight Decrease In COVID-19 Hospitalizations, Giving Some Hope Of Surge Plateau
Meantime, President Obama says the only real solution to this challenge is to develop the technology that allows us to use less oil.