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Local Gas Prices Fall Slowly But Surely

Gas prices are falling ― not as quickly as they peaked. But a steady downward trend is providing OC commuters some relief at the pump.

The average price of a gallon of self-serve regular gasoline in Orange County decreased today for the 14th consecutive day, falling 1.3 cents to $4.443.

It has fallen 24.7 cents over the past 14 days, including 3 cents on Sunday, after rising 51.3 cents over the previous six days to a record high of $4.69.

The Orange County average price is 17 cents less than one week ago, but 32.2 cents more than one month ago and 57.9 cents higher than one year ago.

The lower pump prices are the result of significant decreases to the price of wholesale gasoline, according to Jeffrey Spring of the Automobile Club of Southern California said.

 - City News Service

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