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San Diego Gas Price Sliding Down

— Gas prices soared above the $4 mark in February, but they are taking a much longer path to come down off that peak. Even so, there have been four straight weeks of price declines.

Aired 4/16/12 on KPBS News.

San Diego gas prices are on the verge of dipping below the $4 a gallon barrier. Prices have been falling since last month.

Wholesale gas prices fell sharply several weeks ago, but it has taken time for gas stations to adjust accordingly. A handful of local stations are sell gas for less than $4.

"The stations are gradually getting under that," said Marie Montgomery of the Southern California Automobile Club. "We're very close to the $4 mark at least. The wholesale prices definitely justify some additional declines."

Montgomery said two Escondido stations were among the first to price regular gas below $4. She said many more could drop below that line in the coming week.

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