WALNUT CREEK, Calif. – As winter weather grips much of the nation and fewer drivers hit the road, gas prices remain low with the national average at $2.85. In California, drivers will find an average of $4.20, a one cent drop from last week.
Gasoline demand is lowest during this time of year, keeping the price of crude oil in the high $50 – low $60 range. Demand begins to ramp up toward the end of February and early March as the weather starts getting milder, and more people hit the road.
Fuel Prices Around the State:
- San Francisco: $4.30
- Oakland: $4.19
- San Jose: $4.08
- Sacramento: $4.05
- Fresno: $4.09
- Stockton: $3.86
According to new data from the Energy Information Administration (EIA), gasoline demand decreased last week from 8.30 million b/d to 7.83 million. Total domestic gasoline supply increased from 251 million barrels to 257 million. Gasoline production decreased last week, averaging 8.8 million barrels per day.
Oil Market Dynamics
At the close of Wednesday’s formal trading session, WTI rose 26 cents to settle at $60.62 a barrel. The EIA reports crude oil inventories increased by 3.6 million barrels from the previous week. At 426.0 million barrels, U.S. crude oil inventories are about 2% 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 EV Charging is 42 cents per kwh.
State Stats
Gas
The nation’s top 10 most expensive gasoline markets are Hawaii ($4.41), California ($4.20), Washington ($3.82), Alaska ($3.47), Nevada ($3.36), Oregon ($3.34), Washington, DC ($3.09), Pennsylvania ($3.02), Vermont ($2.98), and Illinois ($2.98).
The nation’s top 10 least expensive gasoline markets are Oklahoma ($2.38), Arkansas ($2.42), Mississippi ($2.44), Kansas ($2.45), Texas ($2.45), Louisiana ($2.46), Tennessee ($2.48), Missouri ($2.48), Wisconsin ($2.51), and Alabama ($2.51).
Electric
The nation’s top 10 most expensive states for public charging per kilowatt hour are West Virginia (51 cents), Alaska (48 cents), Hawaii (45 cents), Louisiana (45 cents), New Hampshire (43 cents), New Jersey (42 cents), South Carolina (42 cents), California (42 cents), Alabama (42 cents), and Tennessee (41 cents).
The nation’s top 10 least expensive states for public charging per kilowatt hour are Wyoming (25 cents), Kansas (25 cents), Missouri (28 cents), Nebraska (29 cents), Delaware (31 cents), Utah (31 cents), Maryland (32 cents), Iowa (32 cents), Vermont (32 cents), and Colorado (34 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.