San Diego County gasoline price records largest drop of year - San Diego, California News Station - KFMB Channel 8 - cbs8.com

San Diego County gasoline price records largest drop of year

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SAN DIEGO (CNS) - The average price of a gallon of self-serve regular gasoline in San Diego County recorded its largest daily decrease since Nov. 9 Friday, dropping 1.8 cents to $4.074.

The average price has dropped four times in five days following an 11-day streak of increases totaling 14.6 cents and is 1.1 cents less than one week ago, but 5.9 cents more than one month ago and 30 cents greater than one year ago, according to figures from the AAA and Oil Price Information Service.

Wholesale gasoline prices in Southern California appear to be in the midst of one of the quickest and sharpest up-and-down spikes ever, according to Jeffrey Spring of the Automobile Club of Southern California.

"Southern California motorists are amazingly being spared from wholesale prices that spiked by 70 cents from June 3 to June 19, then plummeted by 72 cents in the last week," Spring said.

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