Gas prices drop after a four day increase

SAN DIEGO (CNS) – The average price of a gallon of self-serve regular gasoline in San Diego County dropped three-tenths of a cent Tuesday to $2.65 after rising four consecutive days.

The average price is eight-tenths of a cent more than one week ago, but 35.3 cents less than one month ago and $1.03 below what it was one year ago, according to figures from the AAA and Oil Price Information Service.

The recent increases came in connection with Thursday’s start of gasoline being covered under the Cap-and-Trade Program, which requires fuel suppliers to reduce greenhouse gas emissions by supplying low-carbon fuels or purchasing pollution permits to cover the greenhouse gases produced when the conventional petroleum-based fuel they supply is burned.

The Cap-and-Trade Program is among the provisions of the Global Warming Solutions Act of 2006, approved by the Legislature and signed into law by then-Gov. Arnold Schwarzenegger.

Categories: KUSI