The average price of a gallon of self-serve regular gasoline in San Diego County dropped Wednesday for the 53rd time in 54 days, decreasing 2.4 cents to $5.07, its lowest amount since Aug. 1.
The average price has dropped $1.179 over the past 54 days, including 1.8 cents Tuesday, according to figures from the AAA and Oil Price Information Service. It is 12.1 cents less than one week ago, 54.1 cents lower than one month ago and 17.4 cents cheaper than one year ago.
The average price has dropped $1.365 since rising to a record $6.435 on Oct. 5, 2022.
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The average price dropped 44 consecutive days, rose two-tenths of a cent Nov. 13, then resumed dropping the following day.
The national average price dropped for the 55th consecutive day, falling 1.4 cents to $3.281. It has dropped 55.4 cents over the past 55 days, including 1.3 cents Tuesday. It is 6.4 cents less than one week ago, 26.9 cents lower than one month ago and 35.5 cents cheaper than one year ago.
The national average price has dropped $1.735 since rising to a record $5.016 on June 14, 2022.
Local
"The fall in gas prices, largely seasonal due to weakening gasoline demand, could extend for another week or two, leading to potentially the lowest gas prices since 2021 by Christmas," said Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations.
