The average price of a gallon of self-serve regular gasoline in San Diego County topped $5 for the first time Friday, thanks to the largest daily increase since July 13, 2015, rising 12.9 cents to $5.104.
A man fills up his car with gasoline at a 7-11 gas station in Encinitas, Mar. 13, 2021.
Oil industry analysts attribute the price spike to the possibility of a supply shortage because traders, shippers, insurance companies and banks are avoiding Russian oil transactions for fear of running afoul of Western sanctions.
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