Gasoline Prices in San Diego Fall to Lowest in 4 Years

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The average price of a gallon of self-serve regular gasoline in San Diego County dropped Monday to its lowest amount since Dec. 7, 2010, decreasing three-tenths of a cent to $3.233.

The average price has dropped 39 consecutive days and 65 of the past 66, decreasing 58.9 cents over that span, including eight-tenths of a cent on Sunday, according to figures from the AAA and Oil Price Information Service.

The average price is 8.1 cents less than one week ago, 41.5 cents lower than one month ago and 41.3 cents below what it was one year ago.

“Falling oil prices are the main reason” for the dropping gasoline prices,” Marie Montgomery of the Automobile Club of Southern California told City News Service.

World oil prices have fallen more than 25 percent since June due to increased American production of shale oil, steady output from Middle Eastern sources and oil traders’ worries about future economic growth.

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