Analyst: Drop in S.D. Gas Prices Could Be Shirk Move By Big Oil
Tuesday, August 14, 2007
San Diego gas prices continue to come down and industry watchers expect the trend to continue through Labor Day. The Utility Consumer's Action Network reports the average price of a gallon of gas is now $2.87 a gallon.
UCAN's Charles Langley says that's down sharply from just a week ago.
Langley : We saw a seven-cent decrease from Wednesday to Friday last week and from Monday to Tuesday we saw prices go down another three cents in San Diego, so the prices are just dropping like a box of rocks.
Langley speculates the oil industry is trying to keep prices low to keep political pressure from building. He says consumers are also using less gas and that's keeping supplies up. Langley says more gas on hand translates into lower pump prices.