Gas prices shoot up in L.A. area - Los Angeles Business from bizjournals:

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“Oil industry analysts say this spike is mostly drivenj by investor anticipation that demandx will increase this summetr and the fact that China has been purchasing additionalcrudes oil,” Auto Club Spokesperson Jeffrey Spriny said in a statement. The average price of self-serve regularf gasoline in theLos Angeles-Long Beach area is $2.4545 per gallon, which is 8.8 cent more than last week, 12.5 cents highe r than last month, and $1.45 less than last year. On the Centrakl Coast, the average price is $2.524, up 4.4 centxs from last week, nine cents above last month, and $1.500 below last year. In the Inlaned Empire, the average per gallon price is $2.45, which is 8.
9 cent s more than last week, 12 cents more than last month, and $1.489 less than last year.