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Bay Area Gas Prices Dip; Expected To Head Lower

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(CBS SF) — As the busy summer travel season approaches, motorists in California can expect to see a dip in gas prices, according to AAA Northern California’s monthly gas survey.

The average price of gas has dropped $0.06 cents in the last week, with current prices in California hovering about $4.18 per gallon.

However, the survey pointed out that Northern California’s average price for a gallon of regular unleaded gasoline is up $0.17 cents per gallon over last month, to $4.15.

The national average price per gallon on Tuesday was $3.64, and has fallen for the past 14 days.

AAA says prices are expected to continue to fall over the summer due to increased supplies and the relative absence of disruptions in production and distribution.

“Barring any unforeseen refinery maintenance issues that could push California gas prices up temporarily, state prices should continue to fall as we approach the Memorial Day holiday,” said AAA Northern California spokeswoman, Cynthia Harris.

Of all the metro areas tracked by AAA in Northern California, San Mateo has the highest gas price at $4.26 per gallon of unleaded regular.

 

© Copyright 2014 by CBS San Francisco and Bay City News Service. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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