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Orange County Gas Prices Fall for 46th Straight Day

The average price of around $3.71 a gallon is the lowest since January.

The average price of gas in Orange County decreased Sunday for the 46th consecutive day, falling nine-tenths of a cent to $3.709, its lowest amount since Jan. 6.

The Orange County average price is 10.2 cents less than one week ago, 51.9 cents lower than one month ago and 7.5 cents below what it was one year ago.

The Orange County average price has fallen 68 cents over the past 46 days, including 1.6 cents on Saturday.

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.

-- City News Service

Shripathi Kamath July 02, 2012 at 09:47 PM
The same way you say he is not doing anything to lower gas prices. While commenting on an article reporting on lower gas prices in OC for 46 straight days. If prices are going down without Nobama doing anything, and it is reasonable to blame him for oil prices, at least assign the correct blame: lower prices means lower demand, lower demand means lower manufacturing and production. Lower production means recession coming. Recession+Nobama means "KENYAN MUSLIN IS CAUSING GLOBAL RECESSION" C'mon, Stuart Varney has been doing this for the last year. Gas prices go up, Nobama's fault for not doing enough to lower them. Gas prices go down, Nobama's fault for slowing down manufacturing indicated by lower demand. All I am doing is helping you throw up the right shill argument.
Joker Joe July 02, 2012 at 09:50 PM
You know not of what I speak all knowing one!
Joker Joe July 02, 2012 at 09:53 PM
Oil is $83.63 a barrel today not $100. He has control over the price of oil but is not interested. As for a recovery. Dream on. Unemployment is NATIONALLY 8.1% Been like that for a couple of months. Why it is that way is because a lot of people have given up hope of getting a job and their unemployment has run out so the 8.1% is lower than it should be.
Shripathi Kamath July 02, 2012 at 10:28 PM
Apply. Lather. Rinse. Repeat. Digress. Apply. Lather. Rinse. Repeat. Clean hair is a good thing.
Shripathi Kamath July 02, 2012 at 10:29 PM
"You know not of what I speak all knowing one!" So we do have something in common.

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