Inland Empire gas price falls for 35th consecutive day

The average price of a gallon of self-serve regular gasoline in the Inland Empire fell today
to its lowest amount since Feb. 10, dropping eight-tenths of a cent to $3.813.

The average price in Riverside and San Bernardino counties has dropped for 35
consecutive days and 38 of the past 39. It is 13.2 cents less than one
week ago, 49 cents lower than one month ago and 2.6 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.