SoCal Takes a Punch at the Pump as Gas Prices Rise
Gas prices in Southern California are taking a sharp rise.
Los Angeles isn't the only area where gas prices are seeing a significant jump.
The Orange County average price also rose, increasing two-tenths of a cent to $3.333, the most since Oct. 16, 2008.
The average retail price of a gallon of gasoline Friday was $3.083 nationally and $3.342 in California, up substantially from $2.709 nationally and $3.032 in California a year earlier, according to AAA's daily survey of fuel prices.
Analysts attribute the surge largely to higher crude oil costs, which jumped this week to $92.66 a barrel, a 26-month high, before settling lower.
Oil closed Friday at $88.03 a barrel in New York futures trading.