The average price of a gallon of self-serve regular gasoline in San Diego County dropped Thursday for the 22nd consecutive day since rising to a record, decreasing 2.1 cents to $5.671.
The average price has dropped 76.4 cents over the past 22 days, including 3.6 cents Wednesday, according to figures from the AAA and the Oil Price Information Service. The decreases follow a run of 32 increases in 33 days totaling $1.213.
The average price is at its lowest amount since Sept. 24 and 19.9 cents less than one week ago and 22.9 cents lower than one month ago but $1.154 more than one year ago.
“Global recession fears coupled with the Biden Administration’s plan to continue tapping the Strategic Petroleum Reserve into December has helped temper oil prices,” said Andrew Gross, an AAA national public relations manager. “This will help take the pressure off pump prices, benefiting drivers and their wallets.”
The national average price dropped for the 15th time in 16 days, decreasing four-tenths of a cent to $3.76, its lowest amount since Sept. 27. It has dropped 16.3 cents over the past 16 days, including 1.1 cents Wednesday.
The national average price is 7.6 cents less than one week ago, but 1.3 cents more than one month ago and 36.6 cents higher than one year ago. It is $1.256 less than the record of $5.016 set June 14.
— City News Service