The average price of a gallon of self-serve regular gasoline in the Inland Empire fell today for the third consecutive day, and is now $4.275.
The average price dropped seven-tenths of a cent since Saturday, and is now 1 cent less than one week ago and 8.2 cents less less than one year ago. But it is 31.6 cents more than one month ago, according to figures from the AAA and Oil Price Information Service.
Prior to the latest slight drops, the price had gone up 30 times in 31 days.
The dropping prices are the result of decreasing prices for oil and gasoline futures caused by an increase in fuel supplies stemming from increased production by refineries, according to Jeffrey Spring of the Automobile Club of Southern California.