Gas prices in San Diego are rising, reaching the highest level since early December

The average price of a gallon of regular self-service gasoline in San Diego County rose on Monday for the 13th straight day and the 18th time in 20 days, rising four tenths of a cent to $4.80, the highest since Dec. 5.

The average price has risen 21.8 cents over the past 20 days, including nine-tenths of a cent on Sunday, according to data from the AAA and the Oil Price Information Service. This is 10.1 cents more than a week ago, 26.3 cents more than a month ago, and 5.9 cents more than a year ago.

The median price has dropped $1.635 since rising to a record $6.435 on October 5, 2022.

The national average fell for the 21st time in 23 days, dropping by three-tenths to $3.41. It has fallen 10 cents in the past 23 days, including four tenths of a cent on Sunday. This is six tenths of a cent less than a week ago, and 12.1 cents less than a year ago, but 1.8 cents more than a month ago.

The national average has fallen $1,606 since rising to a record $5,016 on June 14.

“Oil prices have tumbled over the last week, helping to cap any upside potential at the gas station, and strong economic data raises concerns that the Fed will continue to use interest rates to slow the economy,” said Patrick De Haan, head of oil analysis. at GasBuddy, which provides real-time gas price information from over 150,000 stations.

“This could dampen demand as we approach peak summer driving season.”