Gas pump. Photo credit: Alexander Nguyen

The average price of a gallon of self-serve regular gasoline in San Diego County rose four-tenths of a cent Tuesday, the sixth increase in eight days, but all by four-tenths of a cent or less.

The average price of $4.231 is 1.1 cents higher than one week ago, 7 cents more than one month ago and $1.169 greater than one year ago, according to figures from the AAA and Oil Price Information Service.

“Prices during the past 10 days have stayed relatively flat,” Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager, told City News Service. “We believe that is mostly due to imports of gasoline products and the price of oil staying relatively stable.”

The average price has risen $1.004 since the start of the year to its highest amount since July 16, 2015, mainly the result of a run of 87 increases in 94 days from Feb. 9-May 13 totaling 66.4 cents caused at the time by “higher oil prices and higher demand,” said Marie Montgomery, a public relations specialist with the Automobile Club of Southern California.

The large price increase from one year ago is the result of a significant decrease during the early stage of the coronavirus pandemic, when driving and demand dropped substantially because of stay-at-home orders intended to reduce the spread of the virus.

–City News Service

Show comments