Gas price sets New Year’s Day record

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SAN DIEGO — The average price of a gallon of self-serve regular gasoline in San Diego County rose nine-tenths of a cent Wednesday to a record amount for New Year’s Day, $3.692, erasing the previous record of $3.651 set in 2012.

Gas-pumpThe average price has risen eight times in the past nine days and is 4.9 cents more than one week ago, 7.6 cents higher than one month ago and 7.1 cents greater than one year ago, according to figures from the AAA and Oil Price Information Service.

Prices are typically lower in the winter than the summer, when a combination of higher demand and the requirement to sell the summer blend of gasoline, which is more expensive to produce, results in higher prices.

The all-time record is $4.725, set on Oct. 8, 2012.

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