The average price of a gallon of self-serve regular gasoline in San Diego County rose Friday for the fourth consecutive day, increasing eight-tenths of a cent to $3.75.
The average price has risen 10.7 cents over the past four days, including 1.7 cents on Thursday, according to figures from the AAA and Oil Price Information Service. It is 10.8 cents more than one week ago, 16.2 cents higher than one month ago and 10.7 cents greater than one year ago. It has risen 41.5 cents since the start of the year.
“On top of oil prices increasing earlier this week in reaction to an attack on Saudi oil production facilities, PBF Energy in Torrance reported flaring this week, which typically means there are production problems,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
“Despite these issues, oil prices dropped later in the week as the industry digested Saudi assertions that the country could repair damaged facilities relatively quickly.”
–City News Service