San Diego County Gas Prices Rise For 14th Time In 15 Days

San Diego CA

18 October, 2021

6:29 PM

Description

By Elizabeth Ireland, Times of San Diego October 18, 2021 The average price of a gallon of self-serve regular gasoline in San Diego County recorded its third consecutive increase of at least 1 cent Sunday, rising 1.1 cents to $4.436, its highest amount since Oct. 22, 2012. The average price has risen nine consecutive days and 14 times in 15 days, increasing 8 cents, including 1.7 cents on Saturday, according to figures from the AAA and Oil Price Information Service. It rose five consecutive days, was unchanged Oct. 8 and resumed its upward climb on Oct. 9. The average price is 4.9 cents more than one week ago, 8.8 cents higher than one month ago and $1.25 greater than one year ago. The record price is $4.725, set on Oct. 8, 2012. High crude oil prices remain the main culprit for rising pump prices, according to the AAA. The cost of a barrel of West Texas intermediate crude for November delivery on the New York Mercantile Exchange rose 97 cents Friday to $82.28, its highest closing price since Oct. 21, 2014. The crude oil price has increased 129.9% from its 52-week low of $35.79 on Oct. 30, 2020, because of higher demand following the elimination of coronavirus-related restrictions. City News Service contributed to this article. Times of San Diego is an independent online news site covering the San Diego metropolitan area. Our journalists report on politics, crime, business, sports, education, arts, the military and everyday life in San Diego. No subscription is required, and you can sign up for a free daily newsletter with a summary of the latest news.