California gas prices remain the highest in the nation, but abundant gasoline supplies are contributing to starkly lower gas prices statewide.
State prices are registering at $ 2.66 on average for a gallon of unleaded gasoline — 22 cents less than prices last month, according to AAA Northern California, which tracks prices as a consumer service.
Northern California’s average price for a gallon of regular unleaded gasoline is $2.63 — 19 cents less than last month’s AAA reported price July 12. The highest recorded price ever registered in the state of California was in October 2012, at $4.67 a gallon for unleaded regular. In San Mateo, the average price for a gallon of gas is $2.73, down 5 cents from last month, according to AAA.
The least expensive average price in Northern California can be found in Marysville, where regular unleaded gasoline is $2.25 per gallon. Of all metro areas tracked by AAA in Northern California, San Francisco, registering at $2.83 per gallon of unleaded regular, and South Lake Tahoe at $2.91 per gallon, are showing the two highest gas prices, according to AAA.
The national average price of gas has held relatively steady over the past week and has declined on just one of the past four days. The national average price for regular unleaded gasoline is $2.12 per gallon, which is the lowest price for this date since 2004, according to AAA.
Strong global oil production and a strengthening U.S. dollar have contributed to West Texas Intermediate crude oil trading near lows not seen since spring.
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