Bottoming out. Pump prices may have hit lowest point

After sliding for six weeks, gasoline prices may be about to hit bottom.

Prices nationwide and in California are still dropping, but not as fast as a few weeks ago. California’s average for a gallon of regular hit $3.19 Tuesday, down less than a penny since Sunday. The national average fell to $2.98, according to the AAA auto club.

Earlier in the month, both averages were falling more than a penny per day. Since prices peaked in May, they’ve dropped 30 cents per gallon in California and 25 cents nationwide.

SFGate