Gas Prices Stabilize After 27-Day Increase

The price of a gallon of gas is still 57-cents higher than just one month ago.

Gasoline prices in Los Angeles County remained stable today after nearly one month of uninterrupted increases.

A gallon of 87-octane is $4.33 at Sierra Madre's station and Alliance station, if you pay in cash. That's four whole cents less than the average self-serve price in Los Angeles County today, which is $4.378.

A 27-day streak of increases that ended Monday with a decrease of two-
tenths of a cent is responsible for the prices being 2.1 cents more than one
week ago, 57-cents higher than a month ago and 46.8 cents greater than a year

The market appears to have absorbed a one-day, 35-cent per gallon increase in the wholesale cost of gasoline triggered by , according to Marie Montgomery of the Automobile Club of Southern California.

The fire forced the refinery's closure, reducing supply.

-City News Service contributed to this report


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