In the last 30-days San Diego gas prices have plummeted by $1.08 a gallon.
For a list of the 25 cheapest reported prices in San Diego County, click here.
UCAN's Gas Project is reporting the lowest gas prices in more than 24 months.
Even though there was a slight firming in wholesale prices
today, the short-term trend is down, down, down
for gasoline and diesel through Tuesday.
To put things in
perspective, gas prices in San Diego have dropped one dollar and 8 cents in
the last month at a rate of 3.5 cents per day on average. This is the
fastest decrease in more than 60 years, and probably the largest one-month price cut in the
last 100 years.
If this trend continues for another 30-days (unlikely)
gas will cost less than 99 cents a gallon by December 22.
We will be watching closely next week to see if prices will reverse
themselves after the Wednesday DOE inventory reports. If the reports are
consistent with the last few months, we will see a continued build in diesel
and gasoline inventories due to slack business and consumer demand.
The current average price for regular gasoline (Friday, November 21,
2008) is $2.22 a gallon - down three cents overnight and almost 20 cents
since last Friday.
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what's the latest update for the 2009 gas prices? i was actually keeping track of it coz i'm weighing (save gas) diesel demands.
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