Gas prices in the Los Angeles/Orange County region stood near $3 a gallon Monday while they topped $2.90 in the Inland Empire — up more than 50 cents from a year ago as OPEC production cutbacks worked their way to local pumps.
“Across the country we are 55 cents more expensive a gallon than where we were last year because of oil prices,” GasBuddy petroleum analyst Allison Mac said. “Last year it was about $44 a barrel. Right now it’s $53 a barrel.”
Mac said oil prices have increased because OPEC has been holding back on production. She expects prices to increase to $3 a gallon in the next few days and prices to rise 40-70 cents a gallon at the peak season in mid-May.
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