Gas prices continue to rise in San Diego

SAN DIEGO (CNS) – The average price of a gallon of self-serve regular
gasoline in San Diego County rose six-tenths of a cent today to $2.996, one day
after rising three-tenths of a cent.

The average price is nine-tenths of a cent more than a week ago, but 9.4
cents lower than a month ago and 9.7 cents less than this time last year,
according to figures from the AAA and Oil Price Information Service.

“The market could be trying to find itself,” Jeffrey Spring of the
Automobile Club of Southern California told City News Service.

“We typically see prices drop after the summertime travel season. We
saw a slow drop most of the summer. It didn't take off in the spring like it
usually takes off,” he said.

“It may be trying to find equilibrium. The data shows prices should be
lower because there's more oil and gasoline in stock in the nation than there
has been in decades. Demand is still weak.”

 CNS-09-27-2010 13:04

Categories: KUSI