Gas pump
Gas pump. Photo credit: Alexander Nguyen

The average price of a gallon of self-serve regular gasoline in San Diego County dropped Saturday for the 31st consecutive day, decreasing 3.6 cents to $5.90, its lowest amount since May 13.

The average price has decreased 47.3 cents during the streak, including 3.9 cents Friday, according to figures from the AAA and the Oil Price Information Service. It is 19 cents less than one week ago and 46.7 cents lower than one month ago, but $1.598 more than one year ago.

The streak of decreases follows a run of 19 increases in 20 days totaling 35.5 cents.

“Both oil prices and Los Angeles wholesale gasoline prices have dropped significantly because of concerns about future demand,” said Doug Shupe, the Automobile Club of Southern California’s corporate communications manager. “If current trends continue, local gas prices are likely to drop even more significantly.”

The national average price dropped for the 32nd consecutive day following an 18-day streak of increases, decreasing 2.9 cents to $4.548. It has dropped 46.8 cents over the past 32 days, including 2.8 cents Friday, after rising 41.5 cents during the 18-day streak of increases.

The national average price is 14.8 cents less than one week ago and 46.1 cents lower than one month ago, but $1.385 more than one year ago.

–City News Service



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Ellen Bullock