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 debate over dockless bikes rolled into Pacific Beach as the Town Council held a panel Wednesday night with bike and scooter sharing companies: Bird, LimeBike, ofo and Mobike.
Three San Diego schools have received phony threats this week, and on Wednesday, a Serra High School freshman was arrested on suspicion of scrawling a threat about a school shooting in a restroom at the Tierrasanta campus.
Tieray Jones walked out of jail a free man Wednesday night just hours after a judge decided to not re-try him in the death of his stepson nearly 16-years ago.
DMV officers were out Wednesday, looking for people abusing the system. One woman was in tears as she was caught using a handicap placard issued to her adult son - who wasn't with her on the shopping trip.
A Serra High School freshman was arrested Wednesday on suspicion of scrawling a threat about a school shooting in a restroom at the Tierrasanta campus.
News 8's investigation into high water bills across the city of San Diego continues. Months after we received our first complaint, viewers are still emailing us about the problem.
Escondido police sought public help Wednesday to identify a woman suspected of stealing from two jewelry stores this week while as many as 10 accomplices distracted store employees.