WALNUT CREEK, Calif. – As gas prices keep falling this summer, the big question is how low will they go?
This past week, the national average for a gallon of regular fell three cents to $3.13. You’d have to go back to 2020 for a lower national average on August 21, that day the price was $2.18. With gas prices for this day the lowest they’ve been in 5 years, some are wondering if the national average will go below $3 a gallon in the coming weeks. There are too many variables to make a prediction; the oil market is too volatile.
“If crude oil prices remain low and barring any major geopolitical events or tropical storms hitting the Gulf Coast, it’s safe to say drivers could continue to see cheaper prices at the pump as summer winds down.” says Doug Johnson with AAA Mountain West Group.
Today, California drivers will find an average price of $4.49, the same price as last week
Fuel Prices Around the State:
San Francisco: $4.66
Oakland: $4.56
San Jose: $4.49
Sacramento: $4.47
Fresno: $4.56
Stockton: $4.37
Contra Costa County
- Aug 22 – $4.58
- Aug 15 – $4.57
- Aug 8 – $4.58
- Aug 1 – $4.56
- July 25 – $4.53
- July 19: $4.55
- July 11: $4.58
- June 27: $4.73
- June 6: $4.83
- May 30: $4.94
- May 23: $5.02
- May 2 – $4.88
- April 3 – $5.08
- March 28 – $4.83
- March 6 – $4.91
- Feb 20 – $5.06
- Feb 7 – $4.59
Oil Market Dynamics
At the close of Wednesday’s formal trading session, WTI rose 86 cents to settle at $63.21 a barrel. The EIA reports crude oil inventories decreased by 6 million barrels from the previous week. At 420.7 million barrels, U.S. crude oil inventories are about 6% below the five-year average for this time of year.
Quick Gas and Electricity Stats
Gas
The nation’s top 10 most expensive gasoline markets are California ($4.49), Hawaii ($4.46), Washington ($4.39), Oregon ($3.97), Alaska ($3.76), Nevada ($3.73), Idaho ($3.50), Illinois ($3.39), Utah ($3.32), and Arizona ($3.30).
The nation’s top 10 least expensive gasoline markets are Mississippi ($2.68), Oklahoma ($2.70), Louisiana ($2.72), Texas ($2.74), Alabama ($2.75), Tennessee ($2.77), Arkansas ($2.80), South Carolina ($2.81), Kansas ($2.83), and Missouri ($2.83).
Electric
The nation’s top 10 most expensive states for public charging per kilowatt hour are Alaska (51 cents), West Virginia (48 cents), Hawaii (46 cents), South Carolina (44 cents), Tennessee (43 cents), New Hampshire (43 cents), Montana (43 cents), Arkansas (42 cents), North Dakota (42 cents), and Alabama (42 cents).
The nation’s top 10 least expensive states for public charging per kilowatt hour are Kansas (25 cents), Missouri (27 cents), Maryland (27 cents), Utah (28 cents), Nebraska (29 cents), Delaware (31 cents), Vermont (32 cents), North Carolina (33 cents), Washington, DC (33 cents), and Colorado (33 cents).
Drivers can find current gas and electric charging prices along their route using the AAA Mobile App, now available on CarPlay.
Fine current fuel prices at GasPrices.AAA.com. Find local news releases at mwg.aaa.com/news/press-release.
About AAA Mountain West Group
AAA Mountain West Group is a membership and full-service leisure travel organization, proudly serving over 6.8 million Members across Northern California, Arizona, Utah, Nevada, Montana, Wyoming, and Alaska. AAA delivers unmatched expertise and value through roadside assistance and electric vehicle (EV) resources, along with comprehensive auto repair, travel, insurance, financial, and home security services. Powered by 5,300 dedicated Team Members, AAA is on a mission to revolutionize solutions that help our Members.
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