Average gas prices in San Diego dropped for 4th successive day

According to latest statistics released by the AAA and Oil Price Information Service (OPIS), the average price of one gallon of regular gasoline in San Diego witnessed a decline on Sunday; thereby marking the fourth consecutive fall in gas prices.

As per the AAA and OPIS figures, the average price of a gallon regular gasoline in San Diego on Sunday was 2.6 cents less than the prices one week back, and 10.5 cents less than the average gas costs prevailing at the same time last year. However, it was still 28.6 cents higher than the average gas price one month back.

Before the average gas prices in San Diego dropped for the fourth day in a row on Sunday, the average gas prices had witnessed an increase on 28 of the last 30 days. With a 10 percent increase reported in average gas costs last month, it was the worst ever February on record.

Meanwhile, going by the AAA figures, the country-wide average for one gallon of regular gasoline was $3.78 on Thursday; marking a fall of half a cent over the Wednesday gas prices.

Commenting on the fall in average gas prices for the fourth successive day, Jeffrey Spring - from the Automobile Club of Southern California - said that the plunge in prices was an upshot of decreasing prices for oil and gasoline futures, resulting from an increase in fuel supplies due to the increased production by refineries.