California gasoline prices on average jumped 23 cents in the last week, passing $4 a gallon in Los Angeles, fuel surveys show.
By Ronald D. White, Los Angeles Times
February 5, 2013
Average California gasoline prices jumped 23 cents in the last week, passing $4 a gallon in Los Angeles, fuel surveys show.
This surge follows a year in which the nation’s motorists spent a greater percentage of their annual income on gasoline than at any time in the last three decades, the Energy Department said. Gasoline expenditures were higher despite a sharp improvement in automobile fuel economy, according to a separate report.
The average cost for a gallon of regular gasoline in California jumped to $3.914 on Monday, up 23.4 cents from a week earlier, according to the AAA Fuel Gauge Report. The Energy Department reported a similar increase for California of 22.8 cents a gallon, to $3.904, in its separate price survey.
Refinery maintenance was one reason for the surge, said Denton Cinquegrana, executive editor of the Oil Price Information Service.
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