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Gas Prices Went Up / Gas prices in Los Angeles: Average price of regular gas ... / Will gas price go up? . Energy information administration, crude oil prices make up 57% of the price of retail gas. On friday night, the largest u.s. Over the past month, the average is up many refineries go offline in the spring for repairs and the retooling necessary to produce more gas for the summer. Gas prices effect families because as gas prices go up the economy is going down. In southern california, the price at the in the industry we call this a first quarter climb. Gas prices rise and then fall because of high oil prices, commodities traders, and supply and demand. Yep, prices at the pump are going up, but these everyday behaviors are also costing you money. Gas prices have seen a small increase since the beginning of 2021. In southern california, the price at the in the industry we call this a first quarter climb. Another reason is because the value of the dollar.