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Gas prices drop for eight straight weeks

Drivers across the Southland are now paying about a dollar less a gallon for gas than they were during the height of the October spike after eight straight weeks of price drops, according to the Automobile Club of Southern California's Weekend Gas Watch.

The state average is $3.678 a gallon for regular Friday – 5.1 cents lower than last week and 99 cents lower than the $4.671 new record price set on Oct. 9.

The average price of self-serve regular gasoline in San Diego is $3.721, 4 cents below last week, 23 cents below last month, and 9 cents higher than last year.

In the Los Angeles-Long Beach area, the price is $3.741 per gallon, which is 4.7 cents less than last week, 26 cents lower than last month, and 10 cents higher than last year. On the Central Coast, the average price is $3.784, down 6.9 cents from last week, 29 cents lower than a month ago, and 7 cents above last year. In the Inland Empire, the average per gallon price is $3.703, down 4.3 cents from last week, 24 cents lower than last month, and 8 cents more than last year.

"Some areas of the U.S. are seeing prices under $3 a gallon, and here in Southern California there is a lot more room for prices to fall judging by wholesale gas prices," said Auto Club spokesperson Jeffrey Spring. "As of Wednesday, Los Angeles reformulated gasoline wholesale prices were $1.20 lower than the current Los Angeles average price. Normally the margin between wholesale prices and prices at the pump is much lower."

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