California Gasoline Prices Still Falling
Retail gasoline prices in California continued to decline in the last week, falling 3.2 cents to $1.737 on Monday for a gallon of self-serve regular, according to a weekly federal survey.
With the latest weekly drop, the statewide average cost of fuel has dropped 36.4 cents a gallon since Aug. 25, according to the Energy Information Administration, an arm of the Department of Energy.
It took nine weeks of declines to accomplish it, but California pump prices have now fallen enough to erase the last remnants of a mid-August price surge that sent fuel costs up 35.8 cents a gallon in two weeks.
Nationwide, the average cost of regular fell 2.9 cents to $1.542 a gallon, a reversal from a slight uptick a week earlier.
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Elizabeth Douglass
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