San Diego County gasoline price rises slightly - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

San Diego County gasoline price rises slightly

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SAN DIEGO (CNS) - The average price of a gallon of self-serve regular gasoline in San Diego County rose Tuesday for the 19th day in a row, but the second consecutive daily increase of one-tenth of a cent could be an indication the increases may end soon.

"The increases have definitely slowed down," said Marie Montgomery of the Automobile Club of Southern California. "We're going to have to see a couple a more days to be able to declare the increases are over."

Montgomery attributes the slowing of the increases to last week's decline in oil prices to about $106 a barrel off their peak of $113 earlier this month.

Crude oil costs account for two-thirds to three-quarters of the price of a gallon of gasoline, according to Tupper Hull of the Western States Petroleum Association, a trade association representing oil companies in six western states.

The average price of $4.202 is the highest since Aug. 1, 2008, and 3.2 cents higher than a week ago, 22.5 cents above what it was one month ago and $1.095 greater than it was one year ago, according to figures from the AAA and Oil Price Information Service.

However, the average price is 42.8 cents less than the record high of $4.63 set on June 19, 2008.

The average price has risen 27 of the past 28 days.

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