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Rising Gas Prices

Walnut Creek, CA– Northern California gas prices are on the rise.

That’s according to the latest report from AAA that says all but four Northern California metro areas tracked, saw double digit increases at the pump over the past month.

California’s average price for a gallon of regular, unleaded gasoline is $3.95, up 17 cents since last month. For comparison, that’s 93 cents higher than California’s average price on this date last year. Among all 50 states, California has the third highest state average price for regular, unleaded gasoline. Hawaii is first and Alaska is second.

“Although demand for gasoline has fallen over the past week, which would typically help keep prices down, storms in the Gulf and East Coasts have applied upward pressure on gasoline prices in several parts of the country,” said AAA Northern California spokesperson Matt Skryja. “In California, the state’s average price for gasoline has recently been relatively steady.”

Oil is a global commodity that is traded around the world. Economic fears among investors typically means the price per barrel drops, and the price of gas usually follows. Recently, concerns over the condition of European economies caused the price of crude to drop, but the price then rose as the value of the U.S. dollar dropped.

The average price of gas in downtown Sonora is $3.83.

For information on gas prices in the area click here.