The average price of a gallon of self-serve regular gasoline in the Inland Empire fell today for the 15th consecutive day, decreasing 3.3 cents to $4.419, one day after it dropped 1.7 cents.
The average price in Riverside and San Bernardino counties has declined 26.9 cents over the past 15 days 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 19.9 cents less than one week ago but 30.1 cents more than one month ago and 56.5 cents higher than one year ago.
“The supply crisis that originally caused the panic in early October is over in California and also for all of the U.S.,” Marie Montgomery Nordhues of the Automobile Club of Southern California told City News Service.
“There was a sense that prices were too high relative to demand, so there have been massive drops in prices.”