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San Diego Gas Price Drops Below $4

The average price of a gallon of self-serve regular gasoline in San Diego County fell under $4 for the first time since Aug. 10, dropping 1.7 cents to $3.988.

The average price has decreased for 27 consecutive days, falling 73.7 cents over that span, including 2.7 cents on Saturday, after rising 54.7 cents over the previous six days to a record high of $4.725 on Oct. 8, according to figures from the AAA and Oil Price Information Service.

The average price is 20.3 cents less than one week ago and 34 cents lower than one month ago but 13.5 cents higher than one year ago.

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Comments

Avatar for user 'Gary1'

Gary1 | November 5, 2012 at 9:07 a.m. ― 1 year, 5 months ago

I paid $3.79, it's heading in the right direction.

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Avatar for user 'sdkelly'

sdkelly | November 5, 2012 at 10:31 a.m. ― 1 year, 5 months ago

It's not gone without notice that the price spikes up instantly on the mere hint of any supply disruption, crude price change (up or down), or unrest in some part of the world (even if it's not a part of the world that supplies much oil)... then takes weeks to crawl back down long after whatever issue is long gone.

Where does all that money in between go before the actual production costs go up and where does it go after the production costs fall back down, and where does it go when the price spikes for reasons that don't even actually change the production costs. Considering recent history, it’s not going into additional safety or production capacity, maintenance or stability of the refineries which have a stunningly large number of catastrophic problems and critical unscheduled repairs (which also spike the gas price).

...And why does an industry that is completely capable of sustaining itself and routinely achieves world record profits... needs subsidies!?!?

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