San Bernardino, CA, June 19- Average retail gasoline prices in San Bernardino have fallen 4.7 cents per gallon in the past week, averaging $2.91/g yesterday, according to GasBuddy's daily survey of 567 gas outlets in San Bernardino.
The auto club is predicting that prices should continue declining this week and set a new 2017 low.
Sunday's national average was $2.296, some four cents less than this same time past year.
Florida ranked #5 among states with the biggest weekly decline. Earlier this month, USA prices hit the lowest average for this time of year since 2005, according to the price-tracking website's data.
"The plunge at the pump comes as oil prices took a pounding for the third week in a row", Jenkins said. GasBuddy.com analyst Patrick DeHahn says it's the result of "a fairly organized" drop in the price of crude oil. "Markets moved lower after another round of supply data showing high USA and global refinery production".
Thinking about that long-awaited summer road trip? Areas in California and their current gas price climate: Stockton- $2.90/g, down 9.3 cents per gallon from last week's $3.00/g. The price for a barrel of crude has lost almost $7/b in value since May 24.
Meteorologists are watching two storms in the Atlantic Basin, either of which have the potential to push fuel prices higher this week.
Nearly every state is seeing averages that are less than a year ago, thanks to "an unexpected buildup of crude oil last week combined with ongoing high gasoline production runs, an increase in gasoline stocks and a drop in gasoline demand", AAA said in a news release last week. So far this spring, prices have increased only 11 cents during that same time.
Compared with previous years, the region's pumps are on average two cents more expensive than this time one year ago; 37 cents cheaper than in 2015; and $1.18 cheaper than in 2014. The highest was about $2.36 in the Ann Arbor area.