How gas prices have changed in Los Angeles in the last week

Gasoline costs leveled out this week nicely above the $4 mark as rideshare giants Uber and Lyft introduced momentary gasoline surcharges to offset record-high costs at pumps throughout the nation. Drivers will obtain 100% of these fees.

The value of oil additionally briefly reversed its upward trajectory, dipping under $100 per barrel on Tuesday, March 15, in line with Brent Crude. Crude oil costs fell by roughly 20% since final week, pushed largely be fears of lowered demand amid China’s COVID-19 lockdowns in Beijing, Shanghai, and Shenzhen.

Oil costs stayed under the $100 per barrel threshold till Thursday morning, when Russia once more ramped up assaults towards Ukraine. The Worldwide Power Company reported on Wednesday that, starting in April, roughly 3 million barrels a day of Russian oil provide might be eradicated from world markets as a result of Western sanctions and different worldwide gamers distancing themselves from Russia.

Stacker compiled statistics on fuel costs in Los Angeles-Lengthy Seashore, CA metro space utilizing knowledge from AAA. Gasoline costs are as of March 17. State fuel tax knowledge is from World Inhabitants Evaluation.Los Angeles by the numbers
– Present worth: $5.89
— California common: $5.79
— California fuel tax: $0.53 per gallon (#2 highest amongst all states)
– Week change: +$0.11 (+1.8%)
– Yr change: +$1.98 (+50.5%)
– Historic costly fuel worth: $5.89 (3/17/22)

Metros with the costliest fuel
#1. San Luis Obispo-Atascadero-Paso Robles, CA: $5.96
#2. Napa, CA: $5.93
#3. San Francisco, CA: $5.90

Metros with the least costly fuel
#1. Lawton, OK: $3.65
#2. Amarillo, TX: $3.67
#3. Joplin, MO: $3.69

States with the best fuel tax per gallon
#1. Pennsylvania: $0.59
#2. California: $0.53
#3. Washington: $0.52

States with the bottom fuel tax per gallon
#1. Alaska: $0.0895
#2. Hawaii: $0.16
#3. Virginia: $0.162