The average price of a gallon of self-serve regular gasoline in San Diego County dropped today for the 32nd consecutive day, decreasing 1.4 cents to $5.886, its lowest amount since May 13.
The average price has decreased 48.7 cents during the streak, including 3.6 cents Saturday, according to figures from the AAA and the Oil Price Information Service. It is 19.3 cents less than one week ago and 47.4 cents lower than one month ago, but $1.579 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 33rd consecutive day following an 18-day streak of increases, decreasing 1.6 cents to $4.532. It has dropped 48.4 cents over the past 33 days, including 2.9 cents Saturday, after rising 41.5 cents during the 18-day streak of increases.
The national average price is 15.2 cents less than one week ago and 46.8 cents lower than one month ago, but $1.365 more than one year ago.
