The average price of a gallon of self-serve regular gasoline in San Diego County dropped Thursday to its lowest amount since Dec. 27, 2011, falling 1.9 cents to $3.579.
The average price has dropped 14 consecutive days and 40 of the past 41, decreasing 24.3 cents over that span, including 1.2 cents on Wednesday, according to figures from the AAA and Oil Price Information Service.
The 1.9-cent daily decrease is the largest since Nov. 9, 2012.
The average price is 8.3 cents less than one week ago, 19.1 cents lower than one month ago and 22.8 cents below what it was one year ago.
The falling pump prices are mainly the result of dropping wholesale prices, which are caused in part by the projected Nov. 1 shift to winter blend gasoline, which is forcing refineries to sell their remaining supply of summer blend gasoline, according to Marie Montgomery of the Automobile Club of Southern California.
Expected lower demand is also pushing wholesale prices down, Montgomery said. Oil prices dropping to a four-year low is another factor, she said.
— City News Service
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