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Gasoline prices hit record high again in L.A.
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10:41, June 07, 2008

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The largest weekly increase since August 2003 pushed the average price of a gallon of self-serve regular gasoline in the Greater Los Angeles Area to above 4.30 dollars, the Automobile Club of Southern California reported on Friday.

The Los Angeles area average increased 22.7 cents to 4.339 dollars, 44 cents more than last month and 98 cents more than at this time last year.

This was the ninth time in the past 10 weeks that the averages have hit record highs.

"The last time that weekly gas prices rose by more than three cents a day locally was in August 2003, when several refinery outages and an Arizona gasoline pipeline shutdown caused a major supply issue," the club said in a statement.

Source:Xinhua



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