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Slowly, but Surely California Gas Prices Continue to Drop

5/10/2017

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   California’s Average, $2.97, Still 2nd Highest in Nation, Says AAA

Walnut Creek, CA, May 10, 2017 – After a week of steady declines, California’s average gasoline price, $2.97 is still the 2nd highest in the nation, with only Hawaii having a higher price of $3.06. Despite small price declines on the week, the West Coast region remains the most expensive market in the country for gasoline.
 
Today’s average price of California unleaded regular gas is $2.97, a $.01 decrease from last week ago and a month ago , but is still $.17 higher than a year ago. Northern California’s average price for regular gasoline is $2.95, the same as last month. Of the Northern California cities surveyed by AAA as a service to consumers, Marysville posted the lowest price at $2.67 and South Lake Tahoe has the highest average at $3.14.
 
“Across the U.S. we’re seeing falling gas prices due to increased refinery production rates, moderate demand and an unseasonal overabundance of gasoline in the marketplace,” said John Moreno, spokesperson for AAA Northern California. “The West Coast is the only region in the country where the demand is meeting the current abundance of gasoline. With the summer travel season right around the corner, increased demand will likely cause gas prices to rise.”
 
The national average price for regular unleaded gasoline has also seen slight decline over the past week and month, resting at $2.33. Though consumers are still paying $.13 more than they were a year ago. The highest average state price, $3.06, is found in Hawaii. The lowest average state price, $2.04, is found in South Carolina.
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