San Diego Gas Price At Lowest Amount Since Aug. 31
Wednesday, October 9, 2013
SAN DIEGO (CNS) - The average price of a gallon of self-serve regular gasoline in San Diego County fell Wednesday for the 21st consecutive day, dropping six-tenths of a cent to $3.849, its lowest amount since Aug. 31.
The average price is 6.1 cents less than one week ago, 4.4 cents lower than one month ago and 87.3 cents below what it was one year ago, according to figures from the AAA and Oil Price Information Service.
The average price has dropped 18.4 cents over the past 21 days, including eight-tenths of a cent on Tuesday. The dropping prices were immediately preceded by a 16-day streak of rising prices totaling 18.2 cents.
The streak of decreases is the longest since a 31-day streak from July 24-Aug. 23.
The falling pump prices are the result of a sharp drop in the price of wholesale gasoline, lower crude oil prices and adequate supply to meet demand, according to Jeffrey Spring of the Automobile Club of Southern California.