PREDICTABLE: Gas prices throughout Southern California rise for the ninth straight week. We're all used to it. More pennies in the tank. . .
Los Angeles - Long Beach $ 3.160 + 3.7 cents; $ 3.487 record on (5/9/2007)
LOS ANGELES -- Although prices rose at the pump, seasonably light demand kept the increase down despite record oil prices, the Automobile Club of Southern California said Friday.
The 3.7-cent increase since last Friday put the average price of a gallon of unleaded regular at $3.16, 20 cents more than last month and 75 cents more than at this time last year, but 32.7 cents below the record high of $3.487 registered on May 9.
The average rose 3.8 cents from Oct. 19-26; 9.1 cents from Oct. 12-19; 1.9 cents from Oct. 5-12; 1.4 cents from
Sept. 28-Oct. 5; 2.9 cents from Sept. 21-28; 7.5 cents from Sept. 14-21; 9.2 cents from Sept. 7-14; and 3.2 cents from Aug. 31-Sept. 7 after dropping 15 of the previous 16 weeks.
“Although the price of a barrel of oil has increased more than 30 percent since Sept. 1, gasoline has increased about 14 percent," Auto Club spokeswoman Carol Thorp said. “To date, seasonally light demand seems to be keeping the higher price of oil from fully being felt at the pump.”
The price of a barrel of crude oil for December delivery rose to a record $96.24 in overnight electronic trading on the New York Mercantile Exchange before closing at $93.49.
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