The average price of a gallon of self-serve regular gasoline in the Inland Empire fell 3 cents today to $4.542, the largest drop in 11 consecutive days of declines.
The average price in Riverside and San Bernardino counties has dropped 14.6 cents over the past 11 days, including 2.7 cents on Thursday, 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 12.1 cents less than one week ago, but 42.4 cents more than one month ago and 68.7 cents higher than one year ago.
"Oil industry analysts reported significant drops in the wholesale market on Wednesday which, if they hold, should bring prices well below $4 a gallon," Jeffrey Spring of the Automobile Club of Southern California said.
"The only question is how quickly that will happen."
Inland Empire gas price drops sharply
Three cent price drop is the largest drop in 11 consecutive days of declines
POSTED: 09:19 AM PDT Oct 19, 2012
Ferre Dollar/CNN
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