San Diego County’s average price for a gallon of self-serve regular gasoline crossed the $6 threshold for the first time since the U.S. attacked Iran in late February, which sent oil prices into turmoil.
The average price of $6.012 is up 16 cents from a week ago but only 9 cents from a month ago, following a slight reprive at the beginning of the month. Compared to last year, prices are up nearly $1.24, according to data from AAA. The price is about 42 cents less than the record high of $6.435 set on Oct. 5, 2022.
The national average price rose to its highest amount since Aug. 2, 2022, increasing 6.5 cents to $4.176. It has risen six consecutive days, increasing 16.9 cents, including 1.2 cents on Monday.
The national average price is 15.4 cents more than one week ago, 20 cents higher than one month ago and $1.026 above what it was one year ago. It is 84 cents less than the record $5.016 set June 14, 2022.
Patrick De Haan, head of petroleum analysis at GasBuddy, said oil prices have been climbing again after negotiations for a ceasefire between the U.S. and Iran stalled. GasBuddy provides real- time gas price information from more than 150,000 stations.
“Oil prices have been climbing again as markets react to renewed geopolitical tensions and the cancellation of talks between the U.S. and Iran. As a result, gasoline prices are set to rise further this week,” Haan said.