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

  • Rancho Santa Fe resident among seven new trustees joining UC San Diego Foundation Board
    Proactive stewards, higher education advocates and expert financial strategists, UC San Diego Foundation trustees play an important role in cultivating community partnerships and garnering resources to support UC San Diego research, teaching and public service initiatives. Trustees govern the Foundation, including managing net assets totaling $717 million, i […]
  • Rancho Fire District to recognize Fire Prevention Week with two events
    National Fire Prevention Week is Oct. 5-11, and the Rancho Santa Fe Fire Protection District (RSFFPD) will host two community events to recognize the annual awareness campaign. The first will be an Open House from 9 a.m. to noon on Saturday, Oct. 4 at RSF Fire Station 2, 16930 Four Gee Road in 4S Ranch. Guests will be able to tour the fire station and traini […]
  • New Rancho Santa Fe Library Branch Manager welcomes community input
    Rancho Santa Fe Library’s new Branch Manager Haley Kwon has been charmed by the village’s “sweet, down-home” character, the simple pleasure of visiting the local library and people’s enjoyment of a slower speed of time. “It’s a small town and the library is a place for people to connect,” Kwon said. “People have a different sense of time here, they come in t […]