Gas Prices Surge Across Southern California Amid Iran War

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Gas prices in Los Angeles and Orange counties have recorded their largest daily increases since 2023, with the average price of a gallon of regular gasoline reaching $4.88 in LA County and $4.84 in Orange County. The rise in prices is being attributed to global tensions in the Middle East, particularly the ongoing conflict with Iran, as well as the transition to more expensive summer-blend fuels.

Why it matters

The spike in gas prices is having a significant impact on Southern California residents, who are already facing high costs of living. The situation highlights the region's vulnerability to global events and the need for more sustainable and affordable energy solutions.

The details

According to the Automobile Club of Southern California, the recent surge in gas prices is primarily due to a rise in crude oil prices following strikes on Iran by the U.S. and Israel. Iran is a major oil producer, and about a fifth of the world's oil consumption travels through the Strait of Hormuz between Iran and Oman. Any conflict with Iran could send oil prices even higher. Seasonal factors, such as the transition to more expensive summer-blend fuels and increased demand as we approach spring break travel, are also contributing to the price hike.

• The average price of a gallon of self-serve regular gasoline in Los Angeles County rose 7.9 cents on Thursday to $4.88, the highest level since November 10.
• In Orange County, the average price increased 9.2 cents to $4.841, also the highest since November 10.

What they’re saying

What’s next

Analysts will continue to monitor the situation in the Middle East and the impact on global oil markets, as well as the transition to summer-blend fuels and the upcoming spring break travel season, which could further drive up gas prices in the region.