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At $3.25 a gallon, gas prices are at a new record high for 2010.

This morning San Diego gas and diesel prices broke another record for the year 2010, and there is a good chance prices could rise as much as a seven cents a gallon over the holiday weekend. Not since October of 2008 have prices been this high. 

Right now we are seeing a rack inversion of at least 7¢ on average.

Gas prices break another record high for 2010

Gas prices jumped another 4.5 cents this morning to a new San Diego average of $3.25 a gallon, the highest price of the year for 2010. Gas prices have risen by ten cents in the last week, the fastest 7-day price hike in more than two years.

For more information, contact Charles Langley, manager, UCAN's Gas Project.

Gas prices reach 25 month high in Southern California

Gas prices in Southern California reached a 25 month high this morning after surging nearly a nickel over the weekend. The last time gasoline cost this much in California was on October 22, 2008 when oil cost less
than $70 a barrel ($1.60 a gallon)

Oil is currently selling at $89.04 a barrel on the NYMEX (2.12 a gallon), the highest price for oil since Since May, 2010, when oil closed at $94 a barrel, or $2.23 a gallon. At that time the average price of gasoline in Southern California was $3.11 a gallon. Regional tables showing price movements in the last week below.

Thanksgiving brings some of the year's highest gas prices.

Usually, Thanksgiving is a time of gratitude - and lower gas prices - because lower demand at this time of year tends to result in price cuts at the pump. But not this year. Nationally, gas is near an all-time record high for the year, and so are local prices - about two cents away from this year's high of $3.165 a gallon set on October 21, 2010.  

Gas prices break record high for 2010

This morning, San Diego County gas prices reached a record all-time high for the year in San Diego with an average price of $3.165 a gallon, but we expect prices to fall this weekend from 2.5¢ to 7¢ by Monday morning.

Our four-day gougecast predicts some relief this weekend with fair-to-partly gougy conditions and with scattered price-cutting through the weekend.

Vote No on prop 23

Generally speaking, we dislike ballot initiatives as a way of legislating. But we especially dislike Proposition 23. For the full position and the 38 Million reasons we dislike it, click here.

Four-Day Gasoline Gougecast for San Diego, 10-14-10

x~~~~x~~~~x~~-~ BEGIN San Diego  1:02 PM October 14, 2010 ~~x~~~~x~~~~~-~~~x~~~-~
x~~-~~x~-~~x~~~~~x~~-~~x~~-~~~x~~-~~x~-~~x~~~~~x~~~~~~x~~-~~~x~~~-~~x~
                              
              When Indies can't compete, the majors  cheat.

Four Day gasoline Gougecast for 10-11-10

                                   Hyper-Surge continues
             
x~~-~~x~-~~x~~~~~x~~-~~x~~-~~~x~~-~~x~-~~x~~~~~x~~~~~~x~~-~~~x~~-~~-~~~x~~

OUR LAST PREDICTION:
We said gas prices would climb two to six cents for diesel and RUL.

Gas Gougecast for 10-07-10

BEGIN San Diego  12:43 PM October 7, 2010 ~~x~~~

"CAR"diac arrest - expect sticker shock
             
x~~-~~x~-~~x~~~~~x~~-~~x~~-~~~x~~-~~x

GAS   - Buy, Buy, Buy, Buy
             
DIESEL  - Buy, buy, buy, buy

4-Day Gougecast, 10-04-10

x~~~~x~~~~x~~-~ BEGIN San Diego  12:08 PM October 4, 2010

x~~-~~x~-~~x~~~~~x~~-~~x~~-~~~x~~-~~x~-~~x~~~~~x
  
             Inversion Perversion - back above $3 by Thursday?
             
x~~-~~x~-~~x~~~~~x~~-~~x~~-~~~x~~-~~x~-~~x~~~~~

GAS        - Buy, Buy, Buy, Buy
DIESEL  - Buy, buy, buy, buy

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