SAN DIEGO (CNS) - The average price of a gallon of self-serve regular gasoline in San Diego County fell Wednesday for the 48th time in 49 days, dropping a half-cent to $3.714, its lowest amount since Jan. 6.
The average price is 7.5 cents less than one week ago, 48.9 cents lower than one month ago and 5.7 cents below what it was one year ago, according to figures from the AAA and Oil Price Information Service.
The average price has decreased 65.8 cents over the past 49 days, including three-tenths of a cent on Tuesday.
The falling pump prices are the result of a sharp drop in crude oil prices stemming from lower demand caused by a slowdown in the global economy, according to Jeffrey Spring of the Automobile Club of Southern California.
The price of a barrel of benchmark West Texas Intermediate crude on the New York Mercantile Exchange had fallen to an eight-month low of $77.69 Thursday. However, it has since risen 12.8 percent on speculation that the European Central Bank will cut interest rates to spur growth and sanctions against Iran may curb supply.
The price rose $3.91 Tuesday to settle at $87.66.
Crude oil costs account for two-thirds to three-quarters of the price of a gallon of gasoline, said Tupper Hull of the Western States Petroleum Association, a trade association representing oil companies in six western states.
With the number of documented hepatitis A cases continuing to rise, Mayor Kevin Faulconer, San Diego County health officials and several civic leaders will join together Tuesday to kick off a “Vaccination, Sanitation and Education” campaign to urge the public to take appropriate precautions.
Customs and Border Patrol agents monitoring California's ports of entry from Mexico intercepted nearly $5 million worth of drugs and arrested 17 wanted fugitives over the weekend, followed by the seizure Monday of nearly $1 million worth of marijuana seized from a boat that came on shore near Del Mar, the agency said Tuesday.
Cooler weather will continue Tuesday throughout San Diego County with even lower temperatures expected Thursday and Friday.
A San Carlos woman murdered her 14-year-old daughter and her spouse, then planted a gun next to his body and stayed in the family's home with the bodies for several days without calling police, a prosecutor alleged Monday.
San Diego State and students are mourning the loss of a student whose family says died while trying to cross Interstate 8 on foot Saturday night.
Years of drought and a significant build-up of grass from last winter's rains has created dangerous wildfire conditions in San Diego and surrounding areas of the county, San Diego Fire-Rescue Department Chief Brian Fennessy said Monday.
On Monday, some patients from Rady Children's Hospital had the chance to take a dive with some dolphins at SeaWorld.
Hunter Renfroe hit a three-run home run in his first game back from Triple-A and Austin Hedges also connected for the San Diego Padres, who beat NL wild card leader Arizona 4-2 on Monday night.
Empowering veterans with disabilities to overcome barriers and unleash their potential; that's the goal behind "No Barriers Warriors" and its "Warriors to Summits" expedition.
Actor James Cromwell has been charged with trespassing for interrupting and denouncing an orca show at SeaWorld in San Diego.