WALNUT CREEK, Calif. – California gas prices fell slightly this week despite tensions within some oil-producing nations.The statewide average for a gallon of regular gasoline dropped two cents since last week to $4.21. That price is 18 cents lower than this time last year.
The national average for a gallon of regular gas went up a couple of cents since last week to $2.84. Drivers are still paying less than they were last year when the national average was $3.08. Pump prices are typically low in January thanks to a dip in gas demand and cheaper winter blend gasoline.
“Crude oil prices remain low as markets keep an eye on tensions in Iran, which is a member of OPEC and one of the world’s top oil producers,” said Doug Johnson, spokesperson, AAA Mountain West Group. “Any disruption to Iran’s oil infrastructure could have a ripple effect on gas prices here at home.”
Fuel Prices Around the State:
- San Francisco: $4.30
- Oakland: $4.19
- San Jose: $4.08
- Sacramento: $4.04
- Fresno: $4.10
- Stockton: $3.88
According to new data from the Energy Information Administration (EIA), gasoline demand increased last week from 8.17 million b/d to 8.30 million. Total domestic gasoline supply increased from 242 million barrels to 251 million. Gasoline production increased last week, averaging 9.0 million barrels per day.
California average gas prices
| Regular | Mid-Grade | Premium | Diesel | |
|---|---|---|---|---|
| Current Avg. | $4.205 | $4.447 | $4.632 | $4.866 |
| Yesterday Avg. | $4.210 | $4.449 | $4.631 | $4.867 |
| Week Ago Avg. | $4.224 | $4.466 | $4.647 | $4.886 |
| Month Ago Avg. | $4.358 | $4.598 | $4.778 | $4.997 |
| Year Ago Avg. | $4.416 | $4.634 | $4.810 | $4.948 |
Oil Market Dynamics
At the close of Wednesday’s formal trading session, WTI rose 87 cents to settle at $62.02 a barrel. The EIA reports crude oil inventories increased by 3.4 million barrels from the previous week. At 422.4 million barrels, U.S. crude oil inventories are about 3% below the five-year average for this time of year.
EV Charging
The national average per kilowatt hour of electricity at a public EV charging station remains at 38 cents. In California, the average cost is 42 cents.
State Stats
Gas
The nation’s top 10 most expensive gasoline markets are Hawaii ($4.40), California ($4.21), Washington ($3.79), Alaska ($3.47), Nevada ($3.35), Oregon ($3.33), Washington, DC ($3.10), Pennsylvania ($3.01), Michigan ($2.99), and Vermont ($2.99).
The nation’s top 10 least expensive gasoline markets are Oklahoma ($2.32), Texas ($2.42), Kansas ($2.42), Mississippi ($2.43), Louisiana ($2.43), Arkansas ($2.45), Missouri ($2.46), Wyoming ($2.49), Alabama ($2.50), and Iowa ($2.50).
Electric
The nation’s top 10 most expensive states for public charging per kilowatt hour are West Virginia (52 cents), Alaska (48 cents), Hawaii (45 cents), Louisiana (44 cents), New Hampshire (43 cents), South Carolina (43 cents), Alabama (42 cents), New Jersey (42 cents), Tennessee (42 cents), and California (42 cents).
The nation’s top 10 least expensive states for public charging per kilowatt hour are Kansas (25 cents), Wyoming (27 cents), Missouri (28 cents), Nebraska (28 cents), Delaware (31 cents), Utah (31 cents), Maryland (32 cents), Iowa (32 cents), Vermont (32 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. Find 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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