Each of the three highest increases since July 14, 2015, have occurred over the past three days. The average price rose 12.9 cents Friday and 11.1 cents Saturday, according to figures from the AAA and Oil Price Information Service.
The average price has risen 31 of the past 34 days, increasing 70.3 cents. It is 48.5 cents more than one week ago, 64.8 cents higher than one month ago and $1.554 greater than one year ago. Oil industry analysts attribute the price spike to the possibility of a supply shortage because traders, shippers, insurance companies and banks are avoiding Russian oil transactions for fear of running afoul of Western sanctions.
The price spike"is not exactly surprising -- it is the cost of choking off Russia from energy revenue," said Patrick De Haan, head of petroleum analysis for GasBuddy, which provides real-time gas price information from more than 150,000 stations.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Average San Diego County gas price tops $5 for first timeThe average price of a gallon of self-serve regular gasoline in San Diego County topped $5 for the first time Friday, thanks to the largest daily increase since July 13, 2015, rising 12.9 cents to $5.104. Pleas post the profits of each oil company and CEO salaries. Context is relevant. It’s not all inflation and Ukraine… California state taxes and cap and trade fees account for over a dollar of the cost of a gallon of gas. All of these were passed by the Democrats in Sacramento. Who does it impact most? Middle and working class people.
Source: KPBSnews - 🏆 240. / 63 Read more »
The average price of regular gasoline in San Diego County tops $5 for the first time -SAN DIEGO (KUSI) – The average price of a gallon of self-serve regular gasoline in San Diego County topped $5 for the first time Friday, thanks to the largest daily increase since July 13, 2015, rising 12.9 cents to $5.104. On Good Morning San Diego, KUSI’s Allie Wagner was out in Hillcrest where gas is nearing 6$/gallon for premium gas,... ridiculous😭🤦🏽♀️ Don’t complain. This is what your state votes for. “jUsT bUy aN ElEcTrIc cAr” YOU VOTED FOR THIS! OH WELL!!
Source: KUSINews - 🏆 241. / 63 Read more »
Average San Diego County Gas Price Surges 11.1 Cents to 16th Record in 18 DaysThe average price of a gallon of self-serve regular gasoline in San Diego County rose 11.1 cents Saturday to $5.215, one day after recording its largest daily increase since July 13, 2015, 12.9 cents, to top $5 for the first time. Run it up to $20/gal. Let the blue states chew on that. Vote republican! California adds almost $1.20 in taxes and fees to every gallon of gas. Given the State is sitting on a $45 billion dollar surplus, they could easily suspend these taxes and fees while the oil companies continue to gouge the public. We need our State leaders to step up here. And yet there are still 117 countries with higher gas prices than the US. One might conclude that it’s a…..global issue.
Source: nbcsandiego - 🏆 524. / 51 Read more »
Winter weather advisory in effect for San Diego County through Sunday -SAN DIEGO (KUSI) – San Diego County will be under inclement weather Friday morning and lasting into Sunday morning, with rain, wind and snow expected throughout the region, prompting the National Weather Service to post a winter weather advisory. According to the NWS, a pair of low pressure systems will track over Southern California, preceded by a cold front, generating... Are you blaming Gavin Newsom and Biden for this, too? Let’s keep the medically fragile senior veterans experiencing homelessness safe & dry!
Source: KUSINews - 🏆 241. / 63 Read more »
Opinion: Mental illness gets focus it needs with proactive San Diego County program, state proposalCounty program's emphasis on follow-up care after visits to homes is smart. Activists praise Newsom's proposal, but obstacles are evident.
Source: sdut - 🏆 5. / 95 Read more »
San Diego County COVID Community Transmission Rated ‘Low' by CDCRecently updated data from the CDC shows San Diego County's community transmission levels are now being reported as “low” just days after being in the 'high' category. Who knew all we needed was mid term elections It’s a miracle! ✨
Source: nbcsandiego - 🏆 524. / 51 Read more »