The average price of a gallon of self-serve regular gasoline in San Diego County dropped Wednesday for the seventh consecutive day, decreasing 1 cent to $4.011, its lowest amount since Sept. 28.
The average price has dropped 4.7 cents over the past seven days, including seven-tenths of a cent on Tuesday, according to figures from the AAA and Oil Price Information Service. It is 16.1 cents less than one month ago but 32.2 cents more than one year ago. It has risen 67 cents since the start of the year.
“Gas prices are declining as would be expected at this time of year because it is the lowest demand period and stations are selling fuel that is cheaper to produce,” said Marie Montgomery, a public relations specialist with the Automobile Club of Southern California, referring to winter blend gasoline.
“As long as no further supply concerns arise, we would expect prices to continue declining through the Thanksgiving holiday and the end of the year.”
–City News Service