State Gas Prices Hold Steady

California Gas Prices at $4.14 – No Change in Three Weeks, Says AAA


Media Contact: Cynthia Harris

Emeryville, CA., July 16, 2014

Although California motorists are experiencing an uptick in gas prices in most metro areas, the state’s average is holding steady, making this summer’s road trips more feasible for many Californians. Today’s average price in the Golden State is $4.14, a slight $0.03 increase from a month ago, according to the AAA Northern California monthly gas survey. 

Northern California’s average price for a gallon of regular unleaded gasoline is $4.14—that’s $0.02 cents less than last month’s AAA reported price on June 10. The highest recorded price ever registered in the state of California was in October of 2012, at $4.67 a gallon for unleaded regular.

The least expensive average price in Northern California can be found in Marysville, where regular unleaded gasoline is $3.94 per gallon. Of all the metro areas tracked by AAA in Northern California, Eureka has the high price at $4.28 per gallon of unleaded regular.

Hawaii has the highest average price, $4.36. California reports the highest average price, $4.14 in the contiguous states. South Carolina enjoys the lowest average price, $3.37.

“State gas prices could continue to hold steady, as there are no dire consequences to oil exports at the present time,” said Cynthia Harris, AAA Northern California spokesperson. “That, combined with ample crude oil supplies nationwide, has kept fuel expenditures for consumers on a steady trend.”

The national average price of gas has fallen for 10 consecutive days, but remains the highest price for this calendar date since 2008. Yesterday, for the first time since June 11, the national average price for regular unleaded gasoline reflected a month-over-month decline. Today’s average is $3.65 per gallon. This price is $0.02 less than one week ago and fractions of a penny less than one month ago. Still, the price is $0.18 cents more than last year’s price on this date..

Violence in Iraq continues to have an impact on global oil prices, but as production in the south of the country remains unaffected, the fear of a disruption to supply has abated. Market watchers are keeping a close eye on the situation, but the risk that had pushed oil prices to 2014 highs has subsided in recent trading sessions. These elevated oil prices have meant stubbornly high pump prices for motorists, but as oil prices have eased so too have retail gas prices.

At the close of formal trading on the NYMEX, West Texas Intermediate (WTI) crude oil settled $0.53 lower at $103.53.

 

AAA Monthly Gas Price Averages: June 2014

 

To get the best mileage possible, AAA recommends keeping tires at the recommended pressure suggested by the vehicle manufacturer, performing routine maintenance and making sure fluids are clean and belts and hoses are in good repair. The way you drive can also impact fuel economy. Smooth driving to avoid sudden stops and starts, combining trips and lightening your load also helps conserve gasoline.

AAA’s Fuel Gauge Report is the most comprehensive retail gasoline survey available, with over 100,000 self-serve stations surveyed every day, nationwide. Data is provided in cooperation with OPIS Energy Group and Wright Express, LLC.

AAA Northern California offers a wide array of automotive, travel, insurance, DMV, financial services and consumer discounts to more than 4.1 million members. AAA has been a leader and advocate for the safety and security of all travelers since it was founded 114 years ago.

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