The typical worth of a gallon of self-serve common gasoline in San Diego County recorded its largest enhance since July 12, 2015, Wednesday, rising 14.3 cents to $6.043, its highest quantity since July 11.
The typical worth has risen 12 consecutive days and 25 of the previous 26, rising 82.1 cents, together with 11.6 cents Tuesday, in line with figures from the AAA and the Oil Worth Data Service. It’s 56.4 cents multiple week in the past, 79.3 cents increased than one month in the past and $1.692 larger than one yr in the past.
Regardless of the present run of will increase, the typical worth has dropped 33 cents since rising to the file $6.373 June 15.
“A string of deliberate and unplanned refinery upkeep points has severely tightened gasoline provide in California,” mentioned Doug Shupe, the Vehicle Membership of Southern California’s company communications supervisor. “West Coast gasoline inventories are on the lowest stage in a couple of decade in line with Vitality Data Administration.
“Till the refineries are absolutely operational once more, provide goes to be tight and can trigger pump costs to be risky.”
There could also be “some aid” in November when stations are once more allowed to promote winter-blend fuel which is cheaper to supply, Shupe instructed Metropolis Information Service.
The nationwide common worth rose for the eighth consecutive day following a 98-day streak of decreases totaling $1.342, rising 1.8 cents to $3.765. It has risen 9.1 cents over the previous eight days, together with 2.2 cents Tuesday.
The nationwide common worth is 8.4 cents multiple week in the past and 57.8 cents increased than one yr in the past however 8.8 cents lower than one month in the past.
The nationwide common worth is $1.251 lower than the file $5.016 set June 14.
–Metropolis Information Service