Fuel Costs Close to $5 a Gallon as Thanksgiving Journey Begins

The typical value of a gallon of self-serve common gasoline in San Diego County dropped Tuesday for the 52nd time in 53 days, reducing 1.8 cents to $5.094, its lowest quantity since Aug. 1.

The typical value has dropped $1.155 over the previous 53 days, together with nine-tenths of a cent Monday, in accordance with figures from the AAA and Oil Worth Data Service. It’s 10.6 cents lower than one week in the past, 52.5 cents decrease than one month in the past and 20.5 cents cheaper than one 12 months in the past.

The typical value has dropped $1.341 since rising to a file $6.435 on Oct. 5, 2022.

The typical value dropped 44 consecutive days, rose two-tenths of a cent Nov. 13, then resumed dropping the next day.

The nationwide common value dropped for the 54th consecutive day, falling 1.3 cents to $3.295. It has dropped 54 cents over the previous 54 days, together with a half-cent Monday. It’s 5.8 cents lower than one week in the past, 25.9 cents decrease than one month in the past and 36.7 cents cheaper than one 12 months in the past.

The nationwide common value has dropped $1.721 since rising to a file $5.016 on June 14, 2022.

“The autumn in fuel costs, largely seasonal as a consequence of weakening gasoline demand, may lengthen for an additional week or two, resulting in probably the bottom fuel costs since 2021 by Christmas,” stated Patrick De Haan, head of petroleum evaluation at GasBuddy, which offers real-time fuel value info from greater than 150,000 stations.

–Metropolis Information Service