February 21, 2024
A Union 76 gasoline pump in San Diego. Picture credit score: Employees photograph

The common value of a gallon of self-serve common gasoline in San Diego County rose for the eighth consecutive day Saturday, growing nine-tenths of a cent to $4.693.

The streak of rising costs started someday after the top of an 18-day streak of decreases that dropped the common value to its lowest quantity since Jan. 24, 2023.

The common value is 13.2 cents a couple of week in the past, 8.4 cents lower than one month in the past, and seven.9 cents a couple of yr in the past, in keeping with figures from the AAA and Oil Worth Info Service. It has dropped $1.742 since rising to a report $6.435 on Oct. 5, 2022.

“The Kinder Morgan gasoline pipeline servicing Southern California on Wednesday started transport the costlier summer season mix of gasoline, which is required to be offered in most native areas as of April 1,” stated Doug Shupe, the Vehicle Membership of Southern California’s company communications supervisor.

“The swap usually will increase prices on the pump, and extra will increase usually happen in February by Might if there are provide shortages attributable to deliberate or unplanned native refinery outages as they bear annual upkeep.”

A five-day streak of will increase to the nationwide common value ended Saturday when it decreased four-tenths of a cent to $3.15. It’s 4.7 cents a couple of week in the past and 5.6 cents a couple of month in the past, however 34.1 cents lower than one yr in the past. The nationwide common has dropped $1.866 since rising to a report $5.016 on June 14, 2022.

“We’re in that point of yr the place pump costs start to warmth up, often peaking round July,” stated Andrew Gross, an AAA nationwide public relations supervisor. “However except one thing shocks the worldwide oil market and causes costs to spike, the nationwide common for a gallon of gasoline will in all probability stagger increased, with some flat days and even small value dips alongside the best way.”

–Metropolis Information Service