The average price of a gallon of self-serve regular gasoline in San Diego County dropped one cent Saturday to $4.035, one day after decreasing eight-tenths of a cent.
The average price is 2.2 cents less than one week ago and 16.2 cents lower than one month ago, but 31.7 cents more than one year ago, according to figures from the AAA and Oil Price Information Service.
“Based on some substantial drops in Los Angeles wholesale prices over the past few days, we would expect retail gas prices to resume dropping as they had been in the last couple weeks of October,” said Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.
“Oil industry analysts are predicting some significant price drops in December as well based on lower production costs for local refineries.”
–City News Service
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