February 21, 2024
A Union 76 gasoline pump in San Diego. Photograph credit score: Workers picture

The common value of a gallon of self-serve common gasoline in San Diego County dropped Saturday for the twenty second consecutive day, reducing 2.9 cents to $5.619.

The common value has dropped 63 cents over the previous 22 days, together with 2.5 cents Friday, in keeping with figures from the AAA and Oil Worth Info Service. The decreases observe a run of 23 will increase in 25 days totaling 86.7 cents.

The common value 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 12 months in the past. It has dropped 81.6 cents since rising to a report $6.435 on Oct. 5, 2022.

“Native gasoline costs nonetheless have loads of room to maneuver downward due to the early introduction of winter mix gasoline, which was authorised 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.

“In the present day’s common costs are about 30 cents greater than through the Labor Day vacation weekend and greater than $1.50 a gallon greater than in the beginning of this 12 months.”

The nationwide common value dropped for the twenty third consecutive day and thirty first time within the final 33 days, reducing 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 value 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 12 months in the past. It has dropped $1.462 since rising to a report $5.016 on June 14, 2022.

“Whereas gasoline 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 conflict between Israel and Hamas widens, so the value is caught at a reasonably elevated value within the mid-$80s per barrel. This, in flip, is slowing the decline in gasoline costs.”

–Metropolis Information Service