SAN DIEGO (CNS) - The average price of a gallon of self-serve regular gasoline in San Diego County ended 2010 at the highest amount for a Dec. 31, increasing one-tenth of a cent Friday to $3.333.
Eight increases in nine days boosted the average price to its highest amount since Oct. 16, 2008, and 3.2 cents more than a week ago, 18.7 cents more than a month ago and 36.3 cents more than this time last year, according to figures from the AAA and Oil Price Information Service.
Prices are traditionally lower in the winter than the spring or summer because of less demand. The San Diego County record price of $4.63 was set on June 19, 2008.
"Higher crude oil prices continue to drive fuel prices to new heights after a year that saw remarkably stable averages between $2.90 and $3.10 for most of 2010," said Jeffrey Spring of the Automobile Club of Southern California.
Crude oil costs account for two-thirds to three-quarters of the price of a gallon of gasoline, according to Tupper Hull, vice president of strategic communications for the Western States Petroleum Association, a trade association representing oil companies in six western states.
The price of a barrel of benchmark crude on the New York Mercantile Exchange reached its highest point since Oct. 3, 2008 on Dec. 23, then began dropping, including declining $1.28 to $89.84 Thursday.
Analysts say the higher oil prices are the result of anticipated increased demand because of an improved economy, demonstrated by five consecutive months of increased consumer spending.
The intense heat was certainly felt across San Diego County Monday, and temperatures are expected to soar even higher on Tuesday. It's expected to be so hot, that schools in the San Diego Unified School District will once again run on a minimum day schedule.
The San Diego LGBT Community Center announced Monday its largest-ever matching gift -- a pledge that could result in $2 million in donations to the facility in Hillcrest.
The Salk Institute for Biological Studies of La Jolla was Monday awarded a $25 million, five-year grant by the National Institutes of Health in conjunction with its brain-mapping initiative.
After our 6:30 p.m. newscast Sunday night, we got reports from viewers that there was a mysterious animal in the background of a live shot in Hollenbeck Canyon.
A Chula Vista woman who survived breast cancer continues to fight for others diagnosed with the disease.
A two-year contract ratified by members of San Diego's police union would move officers' pay to above-average levels statewide in all classifications, city leaders announced Monday.
A small brush fire erupted alongside state Route 94 in Golden Hill Monday, burning brush near a church and preschool but causing no reported structural damage or injuries before crews got it under control.
Santa Ana winds will blow through much of San Diego County Monday and combine with record-high temperatures and extremely dry air to create dangerous fire conditions, forecasters said.
State Veterans Affairs Secretary Dr. Vito Imbasciani met with members of the Rincon Band of Luiseno Indians on Monday.