The average price of a gallon of self-serve regular gasoline in San Diego County dropped Sunday for the 19th time in the last 20 days, decreasing 1.1 cents to $5.025.
The average price has dropped 24.4 cents over the past 20 days, including 2.1 cents Saturday, according to figures from the AAA and Oil Price Information Service.
It is 8.2 cents less than one week ago and 31.3 cents less than one month ago, but 10.3 cents more than one year ago. It has dropped $1.41 since rising to a record $6.435 on Oct. 5, 2022.
The national average price dropped for the 10th consecutive day, decreasing eight-tenths of a cent to $3.536, a day after it dropped 1.5 cents. It is 5.7 cents less than one week ago, 13.5 cents less than one month ago, and 3.1 cents less than one year ago. The national average price has dropped $1.48 since rising to a record $5.016 on June 14, 2022.
The primary reasons for the 5.7-cent weekly drop in the national average price, the largest of the year, are “tepid demand and a lower oil price,” according to Andrew Gross, an AAA national public relations manager.
“Gas prices will likely keep up this slow sag now that we are past the Memorial Day travel weekend and more locations, east of the Rockies, will be selling gas below $3 a gallon,” Gross said. However, Saturday’s start of Atlantic hurricane season, which forecasters predict will be very active, makes it “time to start weather watching,” Gross said.
“A storm impacting the Gulf Coast oil production and refining centers could push prices temporarily higher,” he added.
