Tag

Petroleum Supply

All articles tagged with #petroleum supply

"San Diego Braces for Skyrocketing Gas Prices, Expected to Surpass $6 Mark"
economy2 years ago

"San Diego Braces for Skyrocketing Gas Prices, Expected to Surpass $6 Mark"

Gas prices in San Diego County have surged, increasing nearly 60 cents per gallon in the past month. Factors contributing to the rise include decreased worldwide petroleum supply, aging US refineries leading to decreased production of refined goods, and the depletion of the strategic petroleum reserve. The national average price also rose, but lower demand has tempered the increase.