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San Diego's gas prices could soon hit $4 average, something not seen for years

Posted at 10:01 AM, Apr 06, 2019
and last updated 2019-04-06 13:39:47-04

SAN DIEGO (KGTV) — If you've noticed the sharp increase in gas prices around San Diego lately, chances are we're not done.

The average price for a gallon of gas Saturday was $3.77 in San Diego, according to AAA, jumping another four cents since Friday and reaching the highest San Diego has seen in about five months.

At this time last month, San Diegans were paying on average 46 cents less per gallon. A year ago, 23 cents less.

The closest San Diego's average has come in recent months to $4 was $3.84 on average in Oct. 2018, according to Gas Buddy.

GAS MAP: Search for the cheapest gallon in San Diego with our Gas Map

"Four dollars a gallon on average is certainly within the realm of possibility given today's average is $3.73 and wholesale prices went up some 18 cents," Patrick HeHaan, with GasBuddy, told 10News. "That, in addition to the increases that are already coming down the pipeline, will likely thrust San Diego to that $4 a gallon mark. That's something we have not seen in four, call it five years."

AAA says a series of refinery issues have reduced gas supplies. According to Bloomberg, Valero Energy Corp's refinery in the Bay Area, Phillips 66 refinery in Los Angeles, and Chevron Corp.'s El Segundo plants have all seen shut downs and halts in oil production this month due to various problems.

Nationally, gas has been averaging $2.73 a gallon. California's average was at $3.74 on Saturday, AAA reports.

San Diego's recorded its highest average price on Oct. 8, 2012, when an average gallon cost $4.72.