Average San Diego County Gas Price Drops Slightly

San Diego CA

25 December, 2021

5:39 PM

Description

By Debbie L. Sklar, Times of San Diego December 25, 2021 The average price of a gallon of self-serve regular gasoline in San Diego County dropped two-tenths of a cent Saturday to $4.619 one day after rising three-tenths of a cent. The average price is three-tenths of a cent less than one week ago and 4.8 cents lower than one month ago but $1.415 more than one year ago. It has dropped 5.1 cents since rising to $4.67 on Nov. 28, its highest amount since Oct. 12, 2012, because of lower demand and reduced oil prices. Despite an increase of $1.03 in the most recent trading session Thursday to $73.79, the price of a barrel of West Texas intermediate crude on the New York Mercantile Exchange has dropped 12.8% from its 52-week high of $84.65 hit on Oct. 26. Crude oil costs account for slightly more than half of the pump price, according to the U.S. Energy Information Administration. 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.