Business & Tech
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.
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
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
ago.
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.
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
The fire forced the refinery's closure, reducing supply.
-City News Service contributed to this report