Gas prices go over $5 in Los Angeles
Prices may decrease soon but are seemingly at a peak
LOS ANGELES, Calif. (KYMA, KECY/CBS) - With the recent news of gas prices sitting on an average of $3.40, there have been reports of prices going over $5 in Los Angeles.
The West Coast has been seeing the highest price of gas compared to the rest of the United States, with California's average price being at $4.70 a gallon.
Some gas stations in Los Angeles have seen prices at around $5.29.
President Joe Biden recently announced that his administration will be releasing barrels from reserves to bring prices down.
Some analysts say the rise in the value of gas can be due to fears of a COVID-19 resurgence in the U.S. and Europe.
