The average price of a gallon of regular self-serve gasoline is steadily decreasing, now averaging $5.583, the lowest it has been since March 8.
Gas prices in Southern California have dropped significantly for six consecutive weeks and is up to 80 cents lower than their record level in June, according to the American Automotive Association’s (AAA) weekend gas watch. The average price of gasoline in California is $5.66, about 16 cents lower than last week. On a national level. The average price is $4.28, down 16 cents compared to one week ago.
In San Diego County, the average price has decreased 79 cents during the streak, including 2.3 cents Friday, 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 14.2 cents less than one week ago and 67 cents lower than one month ago, but $1.25 more than one year ago. It has dropped 79 cents since rising to a record $6.373 on June 15.
“Los Angeles wholesale gasoline prices rose about 15 cents since last week from a four-month low point, but oil prices continue to stay lower due to economic concerns and rising interest rates,” said Auto Club spokesperson Doug Shupe. “Prices are continuing to drop locally, and there are now several dozen stations in Southern California with prices below $5 a gallon. Make sure to use a tool like the free AAA Mobile app to find the cheapest gas station near you.”
