Gas prices fall again

The average price of a gallon of self-serve unleaded regular gasoline fell 1.1 cents to $2.297 in San Diego County Friday in the third price drop in five days.

The average price is 1.4 cents more than last week and 23.2 cents more than a month ago, but 93.1 cents less than at this time last year and $2.333 less than the record high of $4.63 set on June 19, according to figures from AAA and the Oil Price Information Service.

A 13-day streak of rising prices ended Monday with a decrease of four-tenths of a cent. The average price rose four-tenths of a cent both Tuesday and Wednesday, then fell two-tenths of a cent Thursday.

“Gas prices began leveling off in a few Southern California areas this week, likely because of lower wholesale prices,” Automobile Club of Southern California spokesman Jeffrey Spring said. “If the wholesale price slump continues, that could translate into good news at the pump for drivers.”

The national average price of a gallon of unleaded self-serve regular gasoline declined for the fifth consecutive day today, decreasing 1.1 cents to $1.938, 2.3 cents less than a week ago, 9 cents more than last month, $1.148 less than this time last year and $2.176 less than the record high of $4.114 set July 17.

California’s gasoline prices are typically higher than the national average and among the highest in the nation because of taxes and a state law mandating a special blend of fuel to reduce polluting emissions.

Related posts:

  1. County gas prices keep rising
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  3. San Diego County gasoline price rises
  4. Gas prices rise again
  5. San Diego County gasoline price increases again

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Posted by Pat Sherman on Feb 20, 2009. 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

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