The average price of a gallon of regular self-service gasoline in San Diego County increased on Tuesday for the 15th consecutive day and for the 33rd time in 34 days, increasing 2.2 cents to $ 3,638, its highest since 22 January. December 2019.
The average price has increased by 29.3 cents in the last 34 days, including 1.3 cents on Monday, according to data from the AAA and Oil Price Information Service. That’s 10.8 cents more than a week ago, 27.5 cents more than a month ago and 8.5 cents more than a year ago.
“One of the main factors behind the rise in gas prices in Southern California is the activity of traders in the futures markets, an indicator that traders see California gasoline as a good investment because it historically goes up in the spring,” he said. Marie Montgomery, public relations specialist with the Automobile Club of Southern California.
“There is not much of a real return in gasoline demand to pre-pandemic levels, but traders are predicting it will increase when the distribution of the vaccine becomes more widespread.”
–City news service