Average San Diego County gas price sets record at $6.26

SAN DIEGO COUNTY, Calif. — The common price of a gallon of self-serve common gasoline in San Diego County Monday set a record for the tenth consecutive day, rising 1.1 cents to $6.261, extending its streak of will increase to 11 consecutive days.

The common price has risen 24.3 cents over the previous 11 days, together with 2.1 cents Sunday, in accordance with figures from the AAA and the Oil Price Information Service. It is eighteen.6 cents larger than one week in the past, 44.1 cents multiple month in the past and $2.049 larger than one year in the past.

The common price has risen $1.505 since Russia’s invasion of Ukraine Feb. 24 “sent shock waves through the oil market that have kept oil costs elevated,” mentioned Andrew Gross, an AAA nationwide public relations supervisor.

Crude oil prices account for barely greater than half of the pump price, in accordance with the U.S. Energy Information Administration. The remainder of the price contains the opposite elements of gasoline, manufacturing prices, distribution prices, overhead prices for all concerned in manufacturing, distribution and gross sales, taxes and carbon offset charges in California paid by the refineries.

The nationwide common price rose 1.7 cents to a record $4.865.

“Supply and demand dynamics have contributed to rising pump prices,” Gross mentioned. “Coupled with volatile crude oil prices, pump prices will likely remain elevated as long as demand grows and supply remains tight.”

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