The average price of a gallon of self-serve regular gasoline in San Diego County rose Tuesday for 15th consecutive day and 33rd time in 34 days, increasing 2.2 cents to $3.638, its highest amount since Dec. 22, 2019.
The average price has increased 29.3 cents over the past 34 days, including 1.3 cents on Monday, according to figures from the AAA and Oil Price Information Service. It is 10.8 cents more than one week ago, 27.5 cents higher than one month ago and 8.5 cents greater than one year ago.
“One of the major factors behind rising gas prices in Southern California is trader activity in the futures markets, an indicator that traders see California gasoline as a good investment because it historically goes up in the spring,” said Marie Montgomery, a public relations specialist with the Automobile Club of Southern California.
“There’s not a lot of actual return of gasoline demand to pre- pandemic levels, but traders are predicting it will pick up once vaccine distribution is more widespread.”
–City News Service