Gas prices in San Diego County reach lowest amount in more than a year.

SAN DIEGO (KUSI) – Wednesday – The average price of a gallon of self-serve regular gasoline in San Diego County dropped Wednesday to its lowest amount since Feb. 6, 2015, decreasing 1.8 cents to $2.603.   

The average price has dropped 34 of the past 35 days, decreasing a total of 46 cents during that time. 

The average price is 8.6 cents less than it was one week ago, 41.9 cents less than it was one month ago and 7.2 cents less than what it was one year ago.   

The average price decreased for 24 consecutive days, rose Jan. 31, then resumed dropping Feb. 1.   

Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager, said he expects prices to continue dropping longer than usual.   

"Typically, we’d see prices stop dropping in late February/early March because of the turnaround to produce the more expensive summer blend gasoline,
but this year isn’t starting out as typical," Spring said.   

"The price of oil remains low, supplies remain steady and the Exxon/Mobil refinery in Torrance is expected to come back into production in March/April. With that added production, there should be less pressure on prices to go up. That said, I can’t remember a spring when prices didn’t increase eventually."

Tuesday – The average price of a gallon of self-serve regular gasoline in San Diego County dropped Tuesday to its lowest amount since Feb. 7, 2015, decreasing 1.3 cents to $2.621.

The average price has dropped 33 of the past 34 days, decreasing 44.2 cents, including six-tenths of a cent on Monday, according to figures from the AAA and Oil Price Information Service.

The average price is 7.5 cents less than one week ago, 41.3 cents lower than one month ago and 2.7 cents below what it was one year ago. The average price decreased for 24 consecutive days, was unchanged Jan. 31, then resumed dropping Feb. 1.

"The price continues to decrease mostly because the price of oil stays low and we haven’t had any major refinery issues in Southern California since before Christmas,” Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager, told City News Service.

Categories: KUSI