The typical worth of a gallon of self-serve common gasoline in San Diego County dropped Saturday for the twenty second consecutive day, lowering 2.9 cents to $5.619.
The typical worth has dropped 63 cents over the previous 22 days, together with 2.5 cents Friday, in accordance with figures from the AAA and Oil Value Data Service. The decreases comply with a run of 23 will increase in 25 days totaling 86.7 cents.
The typical worth is 17.8 cents lower than one week in the past, 37 cents decrease than one month in the past and 20.2 cents cheaper than one yr in the past. It has dropped 81.6 cents since rising to a document $6.435 on Oct. 5, 2022.
“Native fuel costs nonetheless have loads of room to maneuver downward due to the early introduction of winter mix gasoline, which was permitted late final month by the state to assist alleviate a provide disaster,” mentioned Doug Shupe, the Vehicle Membership of Southern California’s company communications supervisor.
“At this time’s common costs are about 30 cents greater than in the course of the Labor Day vacation weekend and greater than $1.50 a gallon greater than initially of this yr.”
The nationwide common worth dropped for the twenty third consecutive day and thirty first time within the final 33 days, lowering four-tenths of a cent to $3.554. It has dropped 32.7 cents over the previous 33 days, together with seven-tenths of a cent Friday.
The nationwide common worth is 5.5 cents lower than one week in the past, 31.3 cents lower than one month in the past and 26.6 cents lower than one yr in the past. It has dropped $1.462 since rising to a document $5.016 on June 14, 2022.
“Whereas fuel costs are falling a few penny a day, that appears like a glacial tempo,” mentioned Andrew Gross, an AAA nationwide public relations supervisor. “The oil market is watching to see if the warfare between Israel and Hamas widens, so the value is caught at a relatively elevated worth within the mid-$80s per barrel. This, in flip, is slowing the decline in fuel costs.”
–Metropolis Information Service