SAN DIEGO (CUSI) – The average price of a gallon of regular self-service gasoline in San Diego County rose within one-tenth of a cent from its record on Wednesday, rising 2 cents to $ 6,017.
The average price has risen in 15 of the last 16 days, rising 23.8 cents, including 3.9 cents on Tuesday, according to the AAA and the Oil Price Information Service. That’s 16.5 cents more than a week ago, 25.1 cents higher than a month ago, and 1,863 cents more than a year ago.
The record is $ 6,018, set on March 29.
The average price across the country rose 4.4 cents to $ 4,567, erasing a previous record set on Tuesday.
The rise in pump prices is a result of the high cost of oil, says Andrew Gross, AAA’s national public relations manager. The price of a barrel of Brent July oil on the ICE Futures Europe exchange on Tuesday fell by $ 2.31 to $ 111.93 after reaching its highest intraday price since March 28.
Brent oil is the world’s benchmark oil, accounting for about 80% of the world’s oil.
According to the U.S. Energy Information Administration, oil costs are just over half the cost of the pump. The rest of the price includes other gasoline components, production costs, distribution costs, overheads for everyone involved in production, distribution and sales, taxes and fees for carbon compensation in California, which are paid by refineries.