Gas falls for 17th consecutive day in San Diego County - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Gas falls for 17th consecutive day in San Diego County

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SAN DIEGO (CNS) - The average price of a gallon of self-serve regular gasoline in San Diego County fell Sunday for the 17th consecutive day, decreasing 1.9 cents to $3.976.
The average price has dropped 26 cents over the past 17 days, including 4.3 cents on Saturday, the largest daily decrease since Oct. 27, 2012, according to figures from the AAA and Oil Price Information Service.
The decreases follow a seven-day stretch of increases totaling 73.7 cents that pushed the average price to its highest amount since May 8, 2014.
The average price is 13.6 cents less than one week ago but 47.2 cents more than one month ago and 3.9 cents higher than one year ago.
The dropping pump prices are the result of a sharp decrease in the price of crude oil, according to Jeffrey Spring, the Automobile Club of Southern California's corporate communications manager.
The price of crude oil accounts for two-thirds to three-quarters of the price of a gallon of gasoline, according to Tupper Hull, vice president, strategic communications of the Western States Petroleum Association, a trade organization representing major oil companies in six Western states.

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