Streak of Dropping Gasoline Prices Ends At 32 Days
A streak of 32 consecutive decreases and price declines on 90 out of 91 days, which sent the average price of a gallon of self- serve regular gasoline in San Diego County to its lowest amount since May 21, 2009, ended today when it rose four-tenths of a cent to $2.623.
The increase comes one day after gasoline began being covered under the Cap-and-Trade Program which requires fuel suppliers to reduce greenhouse gas emissions by supplying low-carbon fuels or purchasing pollution permits to cover the greenhouse gases produced when the conventional petroleum-based fuel they supply is burned.
Despite today's increase, the average price is 5.6 cents less than oneweek ago, 43.5 cents lower than one month ago and $1.068 below what it was one year ago.
The Cap-and-Trade Program is among the provisions of the Global Warming Solutions Act of 2006, approved by the Legislature and signed into law by then- Gov. Arnold Schwarzenegger.