SoCal Takes a Punch at the Pump as Gas Prices Rise
LOS ANGELES ( KTLA) -- The average price of self-serve regular gasoline in the Los Angeles- Long Beach area is $3.332 per gallon, which is 2.4 cents more than last week, 12.9 cents higher than last month, and 30 cents higher than last year, according to the AAA.

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.