Today, the price of a regular gallon of gas averaged about $5.92 in the Los Angeles area.
- That’s a 5-cent increase from the day before and nearly 40 cents more than a week ago. The national average is $3.88 per gallon.
- What’s keeping them elevated for now is high oil costs, as prices have jumped several dollars to hover around $90 per barrel.
While prices are elevated, they still have a ways to go before they hit the record highs of a year ago.