Gas prices continue to slowly increase

SAN DIEGO (KUSI) – Sunday – Predictions of 30-cent-per gallon gas price hikes over the weekend failed to materialize Sunday, as the price for fuel in San Diego County went up only 2.5 cents in the last day.

The average price for a gallon of unleaded in the San Diego area on Saturday was $2.442, according to the Automobile Club of Southern California.

Those prices had gone up nearly five cents Friday, the day after consumers activists warned of a looming 30 cent weekend jump due to shutdowns at refineries timed to the advantage of oil companies.

The current prices were slightly more than 12 cents a gallon higher than a week ago, but about 25 cents less than a month ago, and nearly $1 less than a year ago.

Prices were a bit higher in other parts of Southern California:  $2.524 in Los Angeles County, and $2.508 in Orange County, according to the Automobile Club.

Gas was going for $2.423 in Riverside County.

Saturday – The average price of a gallon of self-serve regular gasoline in San Diego County climbed 3.9 cents Saturday, to $2.41.

This marks the second increase per gallon after dropping 49 times in the 50 days prior.

The average price rose 3.8 cents Friday, which was the largest daily increase since July 15, 2015.

The price increase is, however, 90.9 cents lower than a year ago this time.

The increases at the pump follows 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.

Thursday – The average price of a gallon of self-serve regular gasoline in San Diego County dropped to its lowest amount since April 7, 2009, decreasing 1.4 cents to $2.34.   

The average price has dropped 49 of the past 50 days, decreasing a total of 72.3 cents during that time.   

The average price is 13 cents less than it was one week ago, 45.4 cents less than it was one month ago and 79.3 cents less than it was one year ago.   

The average price decreased for 24 consecutive days, was unchanged January 31, then resumed dropping February 1.

Wednesday – The average price of a gallon of self-serve regular gasoline in San Diego County dropped to its lowest amount since May 4, 2009, decreasing 2 cents to $2.354.   

The average price has dropped 48 of the past 49 days, decreasing a total of 70.9 cents during that time.   

The average price is 13.7 cents less than it was one week ago, 44.8 cents less than it was one month ago and 71.7 cents less than it was one year ago.   

The average price decreased for 24 consecutive days, was unchanged January 31, then resumed dropping February 1.

Tuesday – The average price of a gallon of self-serve regular gasoline in San Diego County dropped to its lowest amount since May 6,
2009, decreasing 1.5 cents to $2.374.   

The average price has dropped 47 of the past 48 days, decreasing a total of 68.9 cents during that time.   

The average price is 13.3 cents less than it was one week ago, 44.2 cents less than it was one month ago and 65 cents less than it was one year ago.   

The average price decreased for 24 consecutive days, was unchanged January 31, then resumed dropping February 1.

Monday – The average price of a gallon of self-serve regular gasoline in San Diego County dropped to its lowest amount since May 6, 2009, decreasing six-tenths of a cent to $2.389.   

The average price has dropped 46 of the past 47 days, decreasing a total of 67.4 cents during that time, including 1.8 cents on Sunday. 

The average price is 13.4 cents less than it was one week ago, 44.7 cents less than it was one month ago and 61.4 cents less than it was one year ago.   

The average price decreased for 24 consecutive days, was unchanged January 31, then resumed dropping February 1.

Categories: KUSI