Celebrating 50 days of cheaper gas

The average price of a gallon of self-serve regular gasoline in San Diego County fell for the 50th consecutive day today and is 75.6 cents lower than the record high nearly 10 weeks ago.

The average of $3.874 is 1.1 cents less than Monday and 43.4 cents less than at this time last month, but $1.062 more than at this time last year, the Oil Price Information Service reported. The record high of $4.63 was set on June 19.

The declining price stems from lower demand at the pump, caused by various conservation measures, and lower crude oil prices, Automobile Club of Southern California spokesman Jeffrey Spring said.

The price of a barrel of light sweet crude hit a record high of $147.27 on the New York Mercantile Exchange July 11, but closed at $114.45 Monday. One factor in the declining price of a barrel of crude oil is the stronger U.S. dollar, Spring said.

Crude oil costs account for 67 percent to 75 percent of the cost of a gallon of gasoline, according to Tupper Hull, director of strategic communications for the Western States Petroleum Association, a trade association representing major oil companies in six Western states.

Related posts:

  1. Gas prices down for 42nd consecutive day
  2. More race days possible
  3. Gas prices prompting commuter modifications
  4. Going green can help save the planet, money
  5. Technical school takes kids inside game programming

Short URL: http://www.delmartimes.net/?p=2409

Posted by Pat Sherman on Aug 26, 2008. Filed under Archives. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Archives

Facebook

Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6

LA JOLLA NEWS

RANCHO SANTA FE NEWS

RANCHO SANTA FE NEWS

RSS RANCHO SANTA FE NEWS

  • Alumni and Advancement Center named for longtime supporters Larry and Cindy Bloch of Rancho Santa Fe
    The University of Rochester’s Alumni and Advancement Center in Rochester, N.Y. has been renamed the Larry and Cindy Bloch Alumni and Advancement Center in recognition of the couple’s support of the university and, in particular, its Advancement programs. In a ceremony on Wednesday, Oct. 15, UR President Joel Seligman formally dedicated the center in honor of […]
  • RSF Association Board Biz: It’s fire season: Be prepared
    The Rancho Santa Fe Fire Protection District (RSFFPD) was officially formed in 1946, in the aftermath of a devastating fire that took place in 1943 and destroyed brush, farmland and homes from Rancho Bernardo through Rancho Santa Fe, all the way to Solana Beach and Del Mar. Today the Fire District spans 38 square miles and protects nearly 30,000 residents. W […]
  • Rancho Santa Fe couple lead way in helping those with thyroid disorders
    Few people may know that Graves’ disease is one of the most common autoimmune diseases afflicting Americans today. Fewer still may know that the only national non-profit dedicated to its patients is headquartered in Rancho Santa Fe. The Graves’ Disease and Thyroid Foundation, co-chaired by Rancho Santa Fe residents Kathleen Bell Flynn and Steve Flynn, has be […]