San Diego gasoline price falls for 17th time in 18 days - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

San Diego gasoline price falls for 17th time in 18 days

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SAN DIEGO (CNS) - The average price of a gallon of self-serve regular gasoline in San Diego County fell Thursday for the 17th time in 18 days, dropping eight-tenths of a cent to $3.865.

The average price is 6.2 cents less than one week ago but 5.2 cents more than one month ago and 87.7 cents higher than at this time last year, according to figures from the AAA and Oil Price Information Service.

"We typically see price decreases in the fall because of lower demand and because we switch over to the winter gasoline formula, which is less expensive to make," said Jeffrey Spring of the Automobile Club of Southern California.

"Usually we see a decline beginning in August, but that didn't happen this year because of refining issues, overseas selling and the price of crude oil."

The average price fell seven consecutive days, was unchanged Sept. 19, then dropped each of the next 10 days, including 1 cent on Wednesday.

The average price had risen 19 times in the past 20 days before the streak of declines began.

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