Gas prices follow three week trend, continue to drop - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Gas prices follow three week trend, continue to drop

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SAN DIEGO (CNS) - The average price of a gallon of self-serve regular gasoline in San Diego County fell Wednesday for the 20th time in 21 days, dropping 1.2 cents to $4.176, one day after decreasing 1.5 cents.

The average price has dropped 19.6 cents over the past 21 days and is 10 cents less than one week ago and 4.5 cents lower than one month ago, according to figures from the AAA and Oil Price Information Service.

However, it is 20.7 cents more than one year ago.

The average price fell 13 consecutive days, was unchanged last Wednesday, then resumed declining Thursday.

"The retail decreases are just catching up to the large decreases we saw in the wholesale market earlier last week," Jeffrey Spring of the Automobile Club told City News Service. "The rate of decline is increasing as the more expensive gasoline works its way through the market."

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