The average price of a gallon of self-serve regular gasoline in the Inland Empire dropped 1.2 cents today to $4.618, the eighth consecutive decline following a six-day streak of increases.
The average price in Riverside and San Bernardino counties has dropped 7 cents over the past eight days, including nine-tenths of a cent on Monday, after rising 52.4 cents over the previous six days to a record high of $4.688, according to figures from the AAA and Oil Price Information Service.
The average price is 6.9 cents less than one week ago, but 48.8 cents more than one month ago and 78 cents higher than one year ago.
“Gas prices are definitely not coming down with the same ferocity that they went up,” Marie Montgomery Nordhues of the Automobile Club of Southern
California told City News Service.
“In fact, they haven’t even yet dropped below the previous all-time record prices we saw in 2008. Some significant declines are expected and we don’t know why they haven’t happened yet.”