The average price of a gallon of self-serve regular gasoline in San Diego County resumed increasing today, rising seven-tenths of a cent to $6.37, one day after a 17-day streak of increases totaling 34.7 cents ended when it dropped two-tenths of a cent.
The average price is 7.6 cents higher than one week ago, 45.4 cents more than one month ago, and $2.154 greater than one year ago, according to figures from the AAA and the Oil Price Information Service.
The average price has risen by $1.614 since Russia's invasion of Ukraine on Feb. 24 "sent shock waves through the oil market that have kept oil costs elevated,'' said Andrew Gross, an AAA national public relations manager.
Crude oil costs account for slightly more than half of the pump price, according to the U.S. Energy Information Administration. The rest of the price includes the other components of gasoline, production costs, distribution costs, overhead costs for all involved in the production, distribution, and sales, taxes, and carbon offset fees in California paid by the refineries.
The national average price rose two-tenths of a cent to $5.016, its 18th consecutive record and 22nd in the last 23 days. It has increased 42.3 cents over the past 23 days, including four-tenths of a cent Monday.
The national average is 9.7 cents more than one week ago, 56.4 cents higher than one month ago, and $1.936 greater than one year ago.