Gas prices increase for fourth consecutive day in a row

SAN DIEGO (KUSI) – The average price of gasoline in San Diego County rose Monday for the fourth consecutive day after dropping 49 cents in 50 days.

According to figures from the AAA and Oil Price Information Service, the average price rose 3.8 cents on Friday, 3.9 cents on Saturday, the largest daily increase since July 15. 

The increases pushed the average price 5.8 cents above what it was one week ago. However, it is 27.5 cents less than a month ago and 96.4 cents lower
than this time last year thanks to dropping 72.3 cents during the stretch of 49 decreases in 50 days.

The increases at the pump follow Wednesday’s 51-cent per gallon increase to the Los Angeles wholesale price, which was mainly the result of "futures investments for March gasoline” and problems by refineries in producing the summer blend of gasoline, according to Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.

Regulations require most Southern California gas stations to switch to selling summer blend fuel by April 1. The summer blend gasoline reduces air pollution in warmer temperatures and is more expensive to produce.

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