Gas prices continue to fall

Average price in Inland Empire at lowest level since early January

RIVERSIDE, Calif. - The average price of a gallon of self-serve regular  gasoline in the Inland Empire fell today to its lowest amount since Jan. 11,  dropping eight-tenths of a cent to $3.706, one day after falling a half-cent.
      The average price in Riverside and San Bernardino counties has decreased  for 43 consecutive days and 46 of the past 47. It is 9.3 cents less than one  week ago, 50.6 cents lower than one month ago and 6.6 cents below what it was  one year ago, according to figures from the AAA and Oil Price Information  Service.
      The falling pump prices are the result of lower crude oil prices  stemming from lower demand caused by a slowdown in the global economy,  according to Jeffrey Spring of the Automobile Club of Southern California.
      Crude oil costs account for two-thirds to three-quarters of the price of  a gallon of gasoline, said Tupper Hull of the Western States Petroleum  Association, a trade association representing oil companies in six western  states.

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