.

Gas Prices Slipping Slowly After Steep Rise

The drop of more than 7 cents follows a six-day increase of almost 55 cents.

The average price of a gallon of self-serve regular gasoline dropped 1.7 cents by Sunday to $4.65, the sixth consecutive decline following a six-day streak of increases.

The average price has dropped 7.4 cents in San Diego County over the past six days, including 2 cents on Saturday, after rising 54.7 cents over the previous six days to a record high of $4.725, according to figures from the AAA and Oil Price Information Service.

Coronado's prices have remained at or above $5.00 over the same period.

The average price is 6.2 cents less than one week ago, but 50.4 cents more than one month ago and 80.3 cents higher than one year ago, according to figures from the AAA and Oil Price Information Service.

“Significant price drops” are not expected until “after gas stations are able to sell off the expensive fuel they bought” when wholesale prices skyrocketed amid concerns about the adequacy of California fuel supplies.

That followed the Oct. 1 power failure at the ExxonMobil Torrance Refinery and the closure of a Chevron pipeline that moves crude oil to Northern California, said Jeffrey Spring of the Automobile Club of Southern California.

 

– City News Service

William Blakeslee October 19, 2012 at 06:59 PM
Gas prices decrease slower than they increase. Like a race between a hare and a turtle, never mind who wins the race.
Louis Vuitton Belts October 29, 2012 at 02:54 AM
http://www.coachoutletonlineoe.com Coach Factory Outlet http://www.louisvuittonbeltspc.com Louis Vuitton Belts http://www.coachoutletsstorebm.com Coach Factory Store http://www.guccibeltsmh.com Gucci Belt http://www.coachouletbtf.com Coach Factory Online Store http://www.coachoutletuse.net Coach Factory Outlet http://www.coachoutletb1.com Coach Factory Online http://www.coachoutlethcs.com Coach Outlet Online http://www.coachoutletonlinetpc.net Coach Online Outlet http://www.coachoutletonlineeu.net Coach Factory Outlet Online http://www.coachfactorystorebg.org Coach Bags Outlet http://www.coachoutletonlineef.org Coach Outlet Online http://www.coachfactoryonlinemb.com Coach Factory Online http://www.coachfactoryoutletion.com Coach Factory Outlet http://www.hermesbeltsoutletns.net Hermes Belt http://www.coachoutletmls.com Coach Factory Outlet Online

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »