Gas prices fall for 11th consecutive day

POSTED: 09:17 AM PDT Mar 11, 2013    UPDATED: 03:12 PM PDT Mar 27, 2013 
RIVERSIDE, Calif. -

The average price of a gallon of self-serve regular gasoline in the Inland Empire fell today for the 11th consecutive day after rising 30 times in 31 days, dropping three-tenths of a cent to $4.215.

The average price is 5.5 cents less than one week ago and 15.8 cents less less than one year ago, but 8.4 cents more than one month ago, according to figures from the AAA and Oil Price Information Service.

The dropping pump prices coincide with a sharp drop in wholesale gasoline prices connected with most California refineries concluding their scheduled maintenance in advance of the switch to sales of summer blend gasoline without major incidents, assuring an adequate supply, according to Jeffrey Spring of the Automobile Club of Southern California.