(SWRNN/AP file photo)
The average price of a gallon of self-serve regular gasoline in the Inland Empire decreased Sunday for the 20th consecutive day, falling 3.5 cents to $4.174, one day after dropping 5.2 cents.
The average price in Riverside and San Bernardino counties has declined 51.4 cents over the past 20 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 29.5 cents less than one week ago but 6.7 cents more than one month ago and 33.5 cents higher than one year ago.
The dropping prices reflect a correction of California’s temporary supply issue from refinery problems and an adjustment in demand expectations by wholesale and futures traders, according to Jeffrey Spring of the Automobile Club of Southern California.
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