San Diego County gas price records largest increase since 2023

In San Diego County, the average price of self-serve regular gasoline has jumped by 5. 3 cents to $4. 776, representing the largest increase since September 28, 2023. This rise marks the sixth consecutive day of price increases, accumulating to a total of 11. 3 cents over that period, including a 2.

4-cent increase on Friday alone. Compared to the previous week, the price is up by 11. 2 cents and 1. 4 cents higher than a month ago, while still being 31. 3 cents lower than a year ago.

Nationally, the average price of gasoline has also seen a slight increase, rising two-tenths of a cent to $3. 159, with a total increase of 3. 3 cents over the past six days. The AAA attributes the significant drop in prices compared to last year to weak gasoline demand and declining crude oil prices. Historically, gas prices tend to rise during this time of year, often peaking in the summer months.

The current trends signal a complex interplay between seasonal demand and market conditions that could influence future pricing. As consumers navigate these fluctuations, staying informed about gas price trends remains crucial for budget planning.