Gas nozzles
Photo courtesy of Pixabay

The average price of a gallon of self-serve regular gasoline in San Diego County dropped Friday for the 37th consecutive day, decreasing 2.4 cents to $5.763, its lowest amount since April 29.

The average price has decreased 61 cents during the streak, including 3.4 cents Thursday, according to figures from the AAA and the Oil Price Information Service. The streak of decreases follows a run of 19 increases in 20 days totaling 35.5 cents.

The average price is 17.3 cents less than one week ago and 54.9 cents lower than one month ago, but $1.452 more than one year ago.

The national average price dropped for the 38th consecutive day following an 18-day streak of increases, decreasing 2.7 cents to $4.413. It has dropped 60.3 cents over the past 38 days, including 2.7 cents Thursday, after rising 41.5 cents during the 18-day streak of increases.

The national average price is 16.4 cents less than one week ago and 54.2 cents lower than one month ago, but $1.254 more than one year ago.

Global economic concerns “are pushing oil prices lower and less expensive oil leads to lower pump prices,” said Andrew Gross, an AAA national public relations manager. “And here at home, people are fueling up less, despite this being the height of the traditional summer driving season. These two key factors are behind the recent drop in pump prices.”

City News Service contributed to this article.


Source link

About Author

Ellen Bullock