On Monday, Contra Costa County gas prices continue to increase with drivers are on average now paying $5.95 per gallon of gasoline according to AAA. This is up 23 cents per gallon from last Wednesday and 41 cents since Sept. 18
California increased to $6.05 which is also 23 cents higher than last week. Its also $2.24 more than the national average at $3.81 per gallon—which nationally, gas prices are down 3 cents.
Last week, Assembly Republican Leader James Gallagher (Yuba City) applauded Governor Newsom’s announcement that California will switch to the less expensive winter blend of gasoline, but called on him to do more to bring down costs by suspending the gas tax and reducing barriers to achieving energy independence.
“Today’s announcement is a win for drivers, but Newsom needs to go further to bring down gas prices,” said Gallagher. “Enough with the finger pointing, sham investigations and unfounded allegations of price gouging. Everyone knows that prices are high because of California’s taxes and regulations – so let’s fix that and get drivers some relief.”
California average gas prices
| Regular | Mid-Grade | Premium | Diesel | |
|---|---|---|---|---|
| Current Avg. | $6.059 | $6.290 | $6.443 | $6.440 |
| Yesterday Avg. | $6.063 | $6.296 | $6.447 | $6.444 |
| Week Ago Avg. | $5.828 | $6.045 | $6.207 | $6.419 |
| Month Ago Avg. | $5.310 | $5.518 | $5.672 | $5.934 |
| Year Ago Avg. | $6.377 | $6.537 | $6.690 | $6.329 |
“Oil is stubbornly staying above $90 per barrel for now, and it’s the main ingredient in gasoline,” said Andrew Gross, AAA spokesperson. “Gas prices will likely keep falling, but it’s going to be slow and unsteady, so expect some days where it might edge higher a bit.”
According to new data from the Energy Information Administration (EIA), gas demand rose slightly from 8.41 to 8.62 million b/d last week; however, it is below last year’s rate of 8.83 million b/d during the same week in September 2022. Meanwhile, total domestic gasoline stocks increased by 1 million bbl to 220.5 million bbl. Growing supply, amid tepid demand, has pushed prices lower. Still, fluctuating oil prices have limited seasonal price decreases typically seen as the country settles into the lower-demand fall driving season.
Oil Market Dynamics
At the close of Wednesday’s formal trading session, WTI increased by $3.29 to settle at $93.71. Oil prices increased sharply yesterday after the EIA reported that total commercial crude stocks decreased by 2.2 million bbl to 416.3 million bbl last week. The market is concerned that tight supply may not be robust enough to meet demand for the remainder of 2023. As a result, the price of oil could climb higher and keep pump prices elevated this fall.
Previous Stories
- Sept. 27 – Updated: Contra Costa County Gas Prices Continue to Increase
- Sept. 18 – Gas Prices in Contra Costa County Move Higher
3 comments
California is a cash cow for oil companies. They’re not going to do anything voluntarily that goes against their self interest aka the bottom line.
Corrupt Gavin Newsom and the Dems are 100 percent responsible for the ridiculous price fuel in California.
Ca gas is total b.s. Traveling through 8 states and have paid 4.57 in Nevada and other states 4.04 and less than 3.89. Lower the taxes and watch the price drop. Not to mention that CA. roads are by far the worse.
Comments are closed.