Gas prices fall even more

The average price of a gallon of unleaded self-serve gasoline in San Diego County fell for the 84th consecutive day today, falling 1.9 cents to $1.784, the lowest since January 2004.

The average price is 16.5 cents less than a week ago, 83.3 cents less than at this time last month, $1.558 less than at this time last year and $2.846 less than the record high of $4.63 set June 19, the Oil Price Information Service reported.

The average price has fallen $2.005 over the past 84 days, including 2 cents from Saturday to Sunday.

The lower prices reflect a steady decline in crude oil prices caused by lower demand associated with the worldwide economic downturn, reduced gasoline usage – partially the result of conservation by drivers – and reduced speculation by futures traders, Jeffrey Spring, public relations manager of the Automobile Club of Southern California, told City News Service.

Despite a $2.82 increase to $43.63 in early trading today on the New York Mercantile Exchange, the price of a barrel of light sweet crude has fallen 70 percent since hitting the record high of $147.27 July 11.

Analysts attributed today’s increase to a comment Saturday by Organization of Petroleum Exporting Countries President Chakib Khelil that the cartel could announce a “severe” reduction of output quotas at its next meeting on Dec. 17 in Algeria.

Related posts:

  1. Gas prices drop 29.4 cents in week
  2. Gas prices down for 42nd consecutive day
  3. Gas price average slips below $2
  4. Gas prices rise for first time in eight weeks
  5. Celebrating 50 days of cheaper gas

Short URL: http://www.delmartimes.net/?p=3930

Posted by Pat Sherman on Dec 8, 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

RSS LA JOLLA NEWS

  • La Jolla Library welcomes new chief Shaun Briley
    For La Jolla Riford Library’s new head librarian, Shaun Briley, books have been a part of his life and career, in some form or another, every step of the way. […]
  • Tangerine trees, marmalade skies for Beatles-inspired Patrons of the Prado gala in Balboa Park, San Diego
    “Lucy in the Sky with Diamonds” was the theme of the Patrons of the Prado gala on July 12, 2014 in Balboa Park, San Diego. Beatles-inspired music came from Wayne Foster Entertainment. Sandy Redman and Jeanne Jones served as event chairs. 2014’s beneficiaries are the Reuben H. Fleet Science Center, San Diego Museum of Art and The Old Globe Theatre. […]
  • La Jolla’s Best Bets for events July 31- Aug. 7
    Museum of Photographic Arts (MOPA) offers a crash course in starting a photography collection 6 p.m. Thursday Aug. 7. at the Ligne Roset Showroom, 7726 Girard Ave. MOPA assistant curator Chantel Paul and director of jdc Fine Art Jennifer DeCarlo will share professional insights. […]

RANCHO SANTA FE NEWS

RANCHO SANTA FE NEWS

RSS RANCHO SANTA FE NEWS

  • Rancho Santa Fe resident’s Gen 7 wines earn top honors
    Rancho Santa Fe resident Tim Bacino’s Gen 7 Wines is on a hot streak, his varietals winning several awards this summer in California wine competitions. […]
  • Torrey Pines High School baseball alum Taylor Murphy excelling in pro ball
    It was during a breakout senior year at Torrey Pines High that Taylor Murphy first popped up on the radar of professional scouts. Shortly after graduation, Murphy was selected by the San Diego Padres in the 40th round of the June 2011 amateur draft. He declined, honoring a commitment to the University of the Pacific. Three years later, Murphy got another sho […]
  • Why Hire a Licensed Landscape Professional?
    By Steve Jacobs, Nature Designs The old saying – “if something seems to good to be true, it probable is” – is quite fitting when it comes to hiring a contractor for your home or yard construction project. While it is smart to shop around, get quotes, etc., don’t fall into the trap of trusting […]