Gas Prices Still On The Rise
Walnut Creek, CA– Even as the demand for gasoline has decreased nationwide, AAA reports that gas prices are still climbing in California.
According to AAA, every Northern California metro area tracked this month saw an increase of at least 24 cents at the pump. California’s average price for a gallon of regular, unleaded gas is $4.17. That’s up 26 cents since last month. For comparison, that’s $1.06 higher than California’s average price on this date last year.
“Investors continue to be the largest force driving the market price for oil. Instability in the Middle East and North Africa still has them concerned about the world’s supply of crude, which has helped to keep oil prices on the rise,” explained AAA Northern California spokesperson Matt Skryia. “Domestically, weakness in the U.S dollar has also contributed to rising crude prices. When the dollar weakens, investors are more likely to invest in U.S commodities including crude, which pressures the prices upward.”
The average price of gas in downtown Sonora is $4.15. For information on gas prices in the area click here.
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