The average price of a gallon of self-serve regular gasoline in San Diego County dropped Monday for the fourth consecutive day following an eight-day streak of increases totaling 74.1 cents, decreasing one- tenth of a cent to $4.207.
The average price dropped 1 cent on Friday, 1.2 cents on Saturday and six-tenths of a cent on Sunday after rising to its highest amount since May 8, 2014, according to figures from the AAA and Oil Price Information Service.
The average price is 17.1 cents more than one week ago, 63.4 cents higher than one month ago and 17.2 cents above what it was one year ago.
Prices “are likely to remain elevated until the repairs to the Torrance refinery are completed later this summer,” according to the “This Week in Petroleum” report issued by the U.S. Energy Information Administration.
The ExxonMobil refinery in Torrance remains offline because of an explosion in February, reducing the supply. The operator is awaiting approval from the South Coast Air Quality Management District to use a refurbished piece of equipment, Marie Montgomery of the Automobile Club of Southern California told City News Service.
—City News Service
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