San Diego's Gas Prices Drop

By Erik Anderson / Environment Reporter, KPBS Public Broadcasting

Published October 27, 2008 at 1:23 PM PDT

This story was published more than 16 years ago.

San Diego gasoline prices dropped significantly over the weekend. The Utility Consumer's Action Network reports that the average price of a gallon of gas has fallen a dime since Friday. U-CAN's Charl

San Diego gasoline prices dropped significantly over the weekend. The Utility Consumer's Action Network reports that the average price of a gallon of gas has fallen a dime since Friday. U-CAN's Charles Langley says the average price is now $3.06. He says prices are dropping faster than he predicted just week ago.

Langley: It's down 20 cents in the last week, so we're seeing an acceleration in the decline of gas prices, as is typical before any presidential election or major mid term election.

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Langley says he expects to see some gas stations selling regular at $2.50 a gallon by election day. He says the world's financial meltdown has kept speculators from driving up the global price of oil.