Gas prices in San Diego County have continued to surge, reaching their highest levels in over a year. The average price of a gallon of self-serve regular gasoline rose for the 20th consecutive day, hitting $5.201. This marks the highest price since November 2022.
Over the past 20 days, the average price has increased by a significant 25.2 cents, including a 1.8 cent jump on Saturday. This comes after a brief drop of 1.3 cents the previous week. These figures have been reported by the AAA and the Oil Price Information Service.
Compared to just one week ago, the average gas price in San Diego County has risen by 6.8 cents. In the span of one month, it has increased by 24.9 cents. However, it is worth noting that the current price is still 15.6 cents lower than it was a year ago. Despite the recent surge, it has actually dropped by $1.234 since reaching a record high of $6.435 on October 5.
On a national scale, the average gas price has also seen a steady increase. It rose by two-tenths of a cent to $3.848, marking the 22nd increase in 26 days. Over the past 26 days, the national average price has risen by 28.5 cents, including a half-cent jump on Saturday. Compared to one week ago, it is now 1.9 cents higher and 29.3 cents higher than one month ago. However, it is still 11.7 cents lower than the average price a year ago.
It is interesting to note that the national average price has seen a significant drop of $1.168 since it reached a record high of $5.016 on June 14, 2022.
These rising gas prices have been a cause of concern for both consumers and officials. As prices continue to surge, consumers are feeling the impact on their wallets, especially as they navigate their daily commutes. The increase in gas prices can also have wider implications for the economy, potentially leading to higher transportation costs and impacting industries that rely heavily on fuel.
Furthermore, the surge in gas prices can be attributed to a variety of factors, including global supply chain disruptions and rising inflation. The ongoing COVID-19 pandemic has also played a role, with the fluctuating demand for gas as travel restrictions and lockdown measures are implemented and lifted.
While gas prices have skyrocketed in recent months, it is important to note that they can be volatile and subject to fluctuations. As global economic conditions continue to evolve, it remains to be seen how gas prices will fare in the coming months.
In conclusion, gas prices in San Diego County and across the United States have reached their highest levels in over a year. The average price per gallon has seen a relentless upward trend, sparking concerns among consumers and officials alike. As the world grapples with various challenges, including supply chain disruptions and inflation, the impact on gas prices will continue to be closely monitored.
