San Diego County gas prices rise for 14th straight day
The average price of a gallon of self-serve regular gasoline in San Diego County rose for the 14th consecutive day Tuesday and 19th time in the last 21 days, increasing 1.4 cents to $4.814, its highest amount since Dec. 5.
The average price has increased 23.2 cents over the past 21 days, including four-tenths of a cent Monday, according to figures from the AAA and Oil Price Information Service.
It is 10.8 cents more than one week ago, 27.4 cents higher than one month ago and 7 cents greater than one year ago. The average price has dropped $1.621 since rising to a record $6.435 on Oct. 5, 2022.
Meanwhile, the national average price dropped for the 22nd time in the last 24 days, decreasing eight-tenths to $3.402. It has dropped 10.8 cents over the past 24 days, including three-tenths of a cent Monday.
It is 1.2 cents less than one week ago, three-tenths of a cent less than one month ago, and 13 cents lower than one year ago. The national average price has dropped $1.614 since rising to a record $5.016 on June 14.
"Oil prices have softened over the last week, helping to limit any upside at the pump, with strong economic data leading to concern that the Fed will continue to use interest rates to slow the economy," said Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations.
"This could weaken demand as we head into the peak summer driving season."