Gas prices inch downward

The average price of a gallon of self-serve regular gasoline in San Diego County dropped 1.7 cents Monday to $4.65, the sixth consecutive decline following a six-day streak of increases.

In Ramona, prices ranged from $4.49 to $4.59 Monday morning.

The average price in the county has dropped 7.4 cents over the past six days, including 2 cents on Saturday, after rising 54.7 cents over the previous six days to a record high of $4.725, according to figures from the AAA and Oil Price Information Service.

The average price is 6.2 cents less than one week ago, but 50.4 cents more than one month ago and 80.3 cents higher than one year ago, according to figures from the AAA and Oil Price Information Service.

According to Jeffrey Spring of the Automobile Club of Southern California, significant price drops are not expected until after gas stations sell off the expensive fuel they bought when wholesale prices skyrocketed amid concerns about the adequacy of California fuel supplies following the Oct. 1 power failure at the ExxonMobil Torrance Refinery and the closure of a Chevron pipeline that moves crude oil to Northern California.

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Posted by Maureen Robertson on Oct 15 2012. Filed under News, Ramona. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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