Gas Prices Skyrocket, Near All-Time High

San Diego may have seen its largest one-day increase in prices ever recorded Friday. At some gas stations near Imperial Beach, prices now approach $5 a gallon. Prices may continue to rise.

The average price of a gallon of self-serve regular gasoline in San Diego County recorded what is believed to be its largest single-day increase Friday, rising 19.5 cents to $4.523, its highest amount since July 10, 2008.

The average price record is $4.63, set on June 19, 2008.

Some gas stations in and near Imperial Beach have already surpassed the record, with a high of $4.89 at some stations.

The average price has risen for seven consecutive days, including 9.2 cents on Thursday and 5.8 cents on Wednesday, and is now 40.7 cents more than one week ago, 36.7 cents higher than one month ago and 70.9 cents greater than one year ago, according to figures from the AAA and Oil Price Information Service.

"Reportedly in recent weeks, local refineries were dropping production levels, exporting supply to Mexico and other countries, and allowing inventory to dwindle in anticipation of switching over to production of winter blend gasoline, then a refinery power outage and a pipeline incident occurred on Monday that sent wholesale markets into a panic about the adequacy of California fuel supplies," said Jeffrey Spring of the Automobile Club of Southern California.

Spring said "it's not clear" how much higher prices will go.

"A lot depends on whether the perceived supply issues are quickly addressed," he said.

As of 4 a.m. Friday, the cheapest gas in Imperial Beach or west of Interstate 5 was $4.33 and could be found at 7-Eleven at the corner of Palm Avenue and 13th Street.

  • $4.33 at 7-Eleven at the corner of Imperial Beach Boulevard and 13th Street
  • $4.45 at Thrifty gas station at the corner of Saturn Boulevard and Palm Avenue
  • $4.49 at Arco station on Palm Avenue between Florida and 12th streets
  • $4.49/4.59 at 76 station at the corner of 9th Street and Palm Avenue
  • $4.55/4.69 at Beach Side Station at the corner of Palm Avenue and 7th Street
  • $4.69 at the Shell/7-Eleven at the corner of Saturn Boulevard and Palm Avenue
  • $4.69/4.79 at Valero station at the corner of 13th Street and Imperial Beach Boulevard
  • $4.89 at San Diego Gas and Food at the corner of Hollister Street and Coronado Avenue
  • $4.89 at A Gas at the corner of Hollister Street and Ingrid Avenue
  • $4.89 at Hollister Gas at the corner of Hollister Street and Coronado Avenue

City News Service contributed to this report.

Libi Uremovic October 05, 2012 at 11:31 PM
cali fuel has an additive that makes it burn 'cleaner', but the fuel burns 30% faster - which defeats the parts per million savings...
Libi Uremovic October 05, 2012 at 11:48 PM
'they' being the operative word in the late 70's carter put in an energy program that cut the states' dependence on foreign oil in half... ...reagan removed the program and doubled the country's dependence on foreign oil..... the gas engine is over 100 years old.... if they can develop the technology to drive a vehicle on mars without needing gas station stops they can develop the technology on earth...
David Baker October 06, 2012 at 08:19 PM
seriously? are you really this stupid? price gouging? WE LIVE IN A CAPITALIST SYSTEM. Wake up. Companies charge as much as the market allows them to. If you thing the "government" is supposed to protect you from the big bad market, you really don't understand the way our world works. We will be charged the same amount for fuel as the equivalent global rate. period.
Salinde October 06, 2012 at 11:55 PM
@Libi, the technology exists, but the amount of money to retro-fit existing gas stations is estimated to cost in the 100"s of trillion of dollars. Who's going to pay for it?
Libi Uremovic October 07, 2012 at 01:32 AM
who estimated the cost...politicians and the oil industry...??


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