Another Increase in Southern California Gas Prices
Cost at the Pump Continues to Rise
Experts Predict Further Increases
Los Angeles, CA - Gas prices in Southern California have hit another record high, with the average price for a gallon of regular unleaded reaching $5.06 on Monday. This marks the fourth consecutive week of increases, and experts predict that prices will continue to rise in the coming weeks.
The rising gas prices are due to a number of factors, including the ongoing war in Ukraine, which has disrupted global oil supplies. The Organization of the Petroleum Exporting Countries (OPEC) has also announced plans to cut oil production, which will further tighten global supplies and push prices up.
The high gas prices are putting a strain on the budgets of many Southern California residents. According to a recent survey, nearly half of respondents said that they are spending more than $100 per month on gas. For some, this is forcing them to cut back on other expenses, such as food and entertainment.
Experts say that there is no end in sight to the rising gas prices. They predict that prices will continue to increase in the coming months, and could reach as high as $6 per gallon by summer. This will make it even more difficult for many Southern California residents to make ends meet.
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