Average San Diego County gas price nearly hits record high

SAN DIEGO (CNS) – The typical worth of a gallon of self-serve common gasoline in San Diego County rose to inside one-tenth of a cent of its report Wednesday, growing 2 cents to $6.017.

The typical worth has risen 15 of the previous 16 days, growing 23.8 cents, together with 3.9 cents Tuesday, in accordance with figures from the AAA and Oil Value Info Service. It’s 16.5 cents multiple week in the past, 25.1 cents increased than one month in the past and $1.863 larger than one yr in the past.

The report excessive is $6.018 set March 29.

The nationwide common worth rose 4.4 cents to $4.567, erasing the earlier report set Tuesday.

The rising pump costs are the results of the excessive price of oil, in accordance with Andrew Gross, an AAA nationwide public relations supervisor. The value of a barrel of July Brent crude on ICE Futures Europe fell $2.31 Tuesday to settle at $111.93 after hitting its highest intraday worth since March 28.

Brent crude is the worldwide oil benchmark, accounting for roughly 80% of the world’s crude oil.

Crude oil prices account for barely greater than half of the pump worth, in accordance with the U.S. Vitality Info Administration. The remainder of the worth consists of the opposite elements of gasoline, manufacturing prices, distribution prices, overhead prices for all concerned in manufacturing, distribution and gross sales, taxes and carbon offset charges in California paid by the refineries.