Summer Travel Season Kicks Off With Gas Prices at Record High
Memorial Day weekend marks the unofficial kickoff of summer and the start of vacation season. Unfortunately for holiday travelers in Los Angeles County today, the average cost of a gallon of regular self-serve gasoline at $4.299 set a record high for Memorial Day.
Is anyone surprised? Probably not, but the new record high is due to a 17.9-cent increase that happened earlier this month after maintenance closures in Southern and Northern California refineries led to low inventory, reports to City News Service.
According to the Automobile Club of Southern California and Oil Price Information Service, the average price dropped 11.2 cents over the past 12 days, and it is 6.4 cents less than one week ago. However, despite the decline, it still costs 22.6 cents more than last Memorial Day.
The average price in Orange County, $4.266, also set a new Memorial Day record beating last year's high of $4.034, according to the report.