The average price of a gallon of self-serve regular gasoline in San Diego County was unchanged Wednesday for the third time in four days, remaining at $4.058.
The average price is 3.4 cents more than one week ago and 30.3 cents higher than one year ago but 14.2 cents less than one month ago, according to figures from the AAA and Oil Price Information Service. It has risen 71.7 cents since the start of the year.
A four-day streak of increases totaling 3.6 cents ended Sunday. The increases were caused by a more than 40-cent per gallon increase in the wholesale price related to “breakdowns at the Chevron refinery in El Segundo and the Phillips 66 refinery in Wilmington,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
Added Marie Montgomery, a public relations specialist with the Automobile Club of Southern California: “According to Oil Price Information Service, refinery issues appear to be resolved or on their way to a resolution, and that caused a 20-cent drop in Los Angeles wholesale gasoline prices” Tuesday.
“However, wholesale prices have increased by a net 50 cents since Oct. 25 so they probably have to decrease a bit more before we start seeing retail prices drop again.”
The increases to the pump price were preceded by a 22-day streak of decreases totaling 18.5 cents.
–City News Service
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