California Gas Prices Remain Flat, at $3.65

February 12, 2014 8:00 am · 14 comments

The Golden State’s gas prices have remained relatively steady since the beginning of 2014, give or take a few cents in all metro areas, over the past two weeks. State gas prices are now $0.01 cents more than a month ago, according to the AAA Northern California monthly gas survey.

Northern California’s average price for a gallon of regular unleaded gasoline is $3.58, that’s $0.02 cents cheaper than last month’s AAA report on January 14, 2014. For perspective, gas prices today are $ 0.40 cheaper than California’s average price on this date last year.

“In a departure from recent years, national gas prices have been largely flat at the start of 2014.  This can be attributed in part to cold temperatures keeping drivers off of roads but also to the absence of the looming production concerns overseas or regional refinery issues that have propelled retail gasoline prices higher out of the gate the last several years.” said Cynthia Harris, AAA Northern California spokesperson.

The national average price is $3.31 per gallon of regular gasoline. This is $0.02 higher than yesterday, $0.04 higher than a week ago, the same as last month’s AAA report and $0.28 lower than a year ago. Hawaii’s average price, $4.03, is the only state reporting an average price over $4.00. The second highest price in the contiguous states is found in California at $3.65. Montana has the lowest average price in the country at $3.03.

In 2011 escalating violence in Egypt and then Libya spurred pump prices higher. In 2012 the catalyst was growing tensions with Iran.  In both of these instances global production concerns linked to geopolitical issues sent crude oil prices and ultimately gas prices higher.

In 2013 the early-year gas price increase was not a product of surging crude prices globally but of production issues domestically. Regional refinery issues leading up to the seasonal switchover to summer-blend gasoline production raised domestic supply concerns and sent retail prices sharply higher.

Crude oil prices had been relatively stable to begin the year; however prices moved higher to end last week, settling on Friday just short of the $100 per barrel threshold. This trend continued today and, despite increasing just $0.18 on the day, West Texas Intermediate (WTI) settled at $100.06 per barrel.  This marks the first time since October 18 that WTI has settled above the $100 threshold.

The least expensive average price in Northern California can be found in Marysville where regular unleaded gasoline is $3.41 per gallon. Of all the metro areas in Northern California, where gas prices are tracked by AAA, Eureka has the highest price at $3.77 per gallon of unleaded regular.

AAA Monthly Gas Price Averages: February, 2014

City/State/Region Price Monthly Change City/State/Region Price Monthly Change
NATIONAL 3.31   NC SAN MATEO 3.68 -.01
CALIFORNIA 3.65 +.01 SAN RAFAEL 3.63 -.03
N. CALIFORNIA 3.58 -.02 SANTA CRUZ 3.56 -.04
BAY AREA 3.63   NC SANTA ROSA 3.58 -.01
CHICO 3.49 -.03 S. LAKE TAHOE 3.57 +.02
CONCORD 3.59 -.02 STOCKTON 3.49 -.03
EUREKA 3.77 -.01 TRACY 3.48 -.05
FREMONT 3.58 +.03 UKIAH 3.51 -.02
FRESNO 3.60 +.02 VALLEJO 3.57 -.01
MARYSVILLE 3.41 -.08 YREKA 3.64 -.01
MODESTO 3.48 -.03 Elsewhere…    
MONTEREY 3.56   .03 LAS VEGAS 3.27 +.03
OAKLAND 3.62 -.01 LOS ANGELES 3.72 +.05
PLEASANTON 3.66 +.01 NEW YORK CITY 3.68 -.05
REDDING 3.53 -.03 WASHINGTON, DC 3.51 -.07
SACRAMENTO 3.44 -.06
SALINAS 3.60 -.03
SAN FRANCISCO 3.71 .01
SAN JOSE 3.63 +.01

 

To get the best mileage possible, AAA recommends keeping tires at the proper pressure suggested by the vehicle manufacturer, performing routine maintenance and making sure fluids are clean and belts and hoses are in good repair. The way you drive can also impact fuel economy. Smooth driving to avoid sudden stops and starts, combining trips and lightening your load also helps conserve gasoline.

AAA’s Fuel Gauge Report is the most comprehensive retail gasoline survey available, with over 100,000 self-serve stations surveyed every day, nationwide. Data is provided in cooperation with OPIS Energy Group and Wright Express.

1 KJ February 12, 2014 at 8:36 AM

After reading this article in Bloomberg about refineries being shut for maintenance, I expect prices will start to go up (plus, WTI is currently trading at 100.88/bl). http://www.bloomberg.com/news/2014-02-12/gasoline-profit-seen-gaining-in-u-s-as-refineries-shut-energy.html

2 Thanks Pres Obama February 12, 2014 at 8:44 AM

Great job!

3 Thanks Pres Obama! February 12, 2014 at 9:44 AM

For keeping at least one election promise – cripplingly high energy prices.

Gas was <$2.00 when President Bush left office.

4 Joe February 12, 2014 at 9:52 AM

In the CC Times today, it says Gas prices will be over $ in a month. Why do they print this! It only gives gas stations to raise prices sooner. Let supply and demand determine the price. Not someones opinion!

5 Joe February 12, 2014 at 9:55 AM

Meant to say $4 and reason to raise prices

6 CrankCord Doug February 12, 2014 at 11:18 AM

I feel I am justifiably optimistic with regard to the education system in this country… and then I read the comments on this blog.

What does Obama or a Contra Costa Times journalist have to do with cost of a gallon of gas in California?

Equally as irrelavent is the fact that gas was above $4.50 a gallon in California in July of Bush’s final year in office.

7 warbirds45 February 12, 2014 at 11:20 AM

The occupy movement went about it the wrong way. You do not have to camp out, protest or deface property.
Target one company at a time.
Boycott Chevron for one month, buy gas at another station.
If more folks would think Team, than I, all of us would benefit.

8 @ # 2 and 3 February 12, 2014 at 11:24 AM

How’d you guys learn how to type with those pea brains?

9 ClayDen February 12, 2014 at 1:12 PM

Drill!!!!!!!!!!!!!!!!!!!!!!!!

10 Matt The Brat February 12, 2014 at 7:04 PM

Just wait a few weeks when the refiners have to switch over to California’s boutique and more expensive summer blend. Enjoy the expensive air!!!!

Instead of whining about the rise in cost ya might as well make money on it….., buy stock or options in Chevron (CVX), Exxon (XOM), Halliburton (HAL), Kinder Morgan (KMP), Enterprise Products Partners (EPD), or MarkWest Energy Partners (MWE)… the last three are like toll roads for oil and gas.

Invest to make money… Don’t invest as a political statement. The goal is to make profits. Money has no conscience and neither should you…. $10,000 made from drilling in your mother’s back yard spends the same as $10,000 from solar panels.

11 J. February 12, 2014 at 7:55 PM

Regular gas for cash is $3.31/gallon at ARCO at Detroit and Monument (next to COSTCO).

12 Ricardoh February 13, 2014 at 9:57 AM

Yesterday at the Safeway station in Concord with a twenty cent discount for shopping at Safeway I paid $309.9 per gallon.

13 Guap February 13, 2014 at 2:23 PM

We haven’t built a refinery in this country since the 70’s, we need more refining capacity. Use the former military bases for new refineries — Naval Weapons station would be a perfect fit!

14 Micki February 13, 2014 at 6:23 PM

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