The average price of a gallon of self-serve regular gasoline in San Diego County rose to a record high day for the second consecutive Thursday, increasing 1 cent to $4.736.
The average price has risen 16 times in 17 days, increasing 11.2 cents, including 1 cent on Wednesday, according to figures from the AAA and Oil Price Information Service. It is 3.7 cents more than one week ago, 10.9 cents higher than one month ago and $1.201 greater than one year ago.
Auto Club of Southern California spokesman Doug Shupe explained some of the reasons behind the rising prices.
“The aggression between Russia and Ukraine which is putting upward pressure on the crude oil prices… we’re seeing an increase in the demand for fuel… And then also the more expensive summer blend fuel," Shupe said.
He went on to say that if Russia does go ahead and invade Ukraine, we could see prices climb significantly higher… by another 50 to 75-cents a gallon.
The San Diego County record before Wednesday was $4.725 set Oct. 8, 2012.
