The average price of a gallon of self-serve regular gasoline in San Diego County dropped one-tenth of a cent Saturday to $3.585, its lowest amount since April.
The average price has dropped eight of the past nine days, decreasing 2.7 cents, including four-tenths of a cent on Friday, according to figures from the AAA and Oil Price Information Service.
The average price is 1.6 cents less than a week ago and 5.2 cents lower than one month ago, but 60.6 cents more than one year ago. It has risen 46.3 cents since the start of the year.
“Southern California refineries are producing at near-record levels while investors are worried about reduced demand, which led to a futures sell- off last week and a drop in wholesale prices,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
“This drop, combined with a significant worldwide downturn in oil prices this week, could mean continued price reductions at the pump in coming weeks.”
–City News Service
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