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Gas prices rapidly rise

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gasPumpSAN DIEGO — The average price of a gallon of self-serve regular gasoline in San Diego County rose Tuesday for the 14th consecutive day, increasing 1.6 cents to $4.259, its highest amount since March 5, 2013.

The average price has increased 22.4 cents over the past 14 days, including 1.2 cents on Monday, according to figures from the AAA and Oil Price Information Service.

The average price is 16.1 cents higher than one week ago, 26 cents more than one month ago and 27 cents above what it was one year ago.

“Gas prices are rising rapidly in response to a 30-cent, one-week increase in wholesale prices,” Marie Montgomery of the Automobile Club of Southern California told City News Service. “Those increases came on news of two local refineries being at least partly offline for longer than expected for maintenance and an increase in ethanol costs due to increased difficulty shipping it.”

Another factor in the rising pump prices is a 35 percent increase in the percentage of exported gasoline between the last week in March and first week in April, reducing the supply, Montgomery said, citing figures from the California Energy Commission.

It shouldn’t be long before the prices settle down and possibly decrease, according to local utility analysts.  Consumers should be prepared for prices to stay around $4.

5 comments

  • back of the line

    POTUS said the energy prices are going to skyrocket, and boy was he right! For all those that voted this community organizer into office. I hope you enjoy the inflation in everything you buy, including utilities!
    Suckers!

  • Carol

    I would like to know why the oil companies are exporting oil when I am paying over 4 dollars a gallon and 2 refineries are shut down for UNEXPECTED maintenance?

    • Truth seaker

      Answer,
      Barry's wish come true, "expect energy prices to skyrocket if I'm elected"…
      He is bought and paid for from the 1%…

    • Jim

      They are exporting the gas because they can sell it for more overseas than here.That is why drilling for more oil in the USA will not make the price any cheaper for us in the USA. Most of the oil from Alaska is exported after it comes through the pipeline.The oil companies can make more money by drilling for oil in the USA,and then exporting the gas produced,than by importing the oil,and then exporting the gas.People have the wrong idea that all oil and gas produced in the USA,will stay here,so will make gas cheaper here.It is a world market,so they sell it where they can make the most money.

  • highwayman

    this is hurtin me as well — I can't afford to go out every day to "Play On the Freeway" as I'd liketa — stories here — http://snowchains.tripod.com/sandiegohighwaymansw

    If you'd liketa help me help others, donations for fuel and vehicle expenses are gratefully accepted here — http://www.sandiegohighwayman.com/

    you never know — http://www.motivateus.com/stories/unexpected-kind… where the "ripples" might spread

    GOOD onya!

    "Pay it Forward"

    I WILL Pass it ON —

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