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Average San Diego County Gas Price Sets Record for 14th Consecutive Day –

SAN DIEGO (CNS) – The average price of a gallon of regular self-service gasoline in San Diego County hit a record high on Friday for the 14th straight day, rising 2.7 cents to $ 6,353, extending the series of increases to 15 consecutive days.

The average price rose 33.5 cents in the last 15 days, including 1.5 cents on Thursday, according to data from the AAA and the Oil Price Information Service. It is 17.9 cents higher than a week ago, 50.5 cents higher than a month ago and 2,137 cents higher than a year ago.

The average price has risen to $ 1,597 since Russia’s invasion of Ukraine on February 24 “caused shock waves in the oil market that kept oil costs high,” said Andrew Gross, AAA’s public relations manager.

The trend is expected to continue, according to Doug Shupe, corporate communications director at Automobile Club of Southern California

“Analysts predict significant increases in oil prices next year as Russian oil leaves Western markets,” Shupe said.

The cost of crude oil represents just over half the price of the pump, according to the US Energy Information Administration. The rest of the price includes other gasoline items, production costs, distribution costs, overheads for all those involved in production, distribution and sales, California coal compensation taxes and fees paid by refineries.

The national average price rose 1.6 cents to $ 4,986, the 14th consecutive record and the 18th in 19 days. It has risen 39.3 cents in the last 19 days, including 1.5 cents on Thursday.

The national average is 22.5 cents higher than a week ago, 61.2 cents higher than a month ago and $ 1,913 higher than a year ago.

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Average San Diego County Gas Price Sets Record for 14th Consecutive Day – Source link Average San Diego County Gas Price Sets Record for 14th Consecutive Day –

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