Amid the threat of tariffs, the national average for a gallon of gas ticked up two cents from last week to $3.13. In California, drivers will find an average price of $4.52, a jump of seven cents from last week. Meanwhile, the national average per kilowatt hour of electricity at a public EV charging station has remained the same at 34 cents.
According to new data from the Energy Information Administration (EIA), gasoline demand increased from 8.30 million b/d last week to 8.32. Total domestic gasoline supply rose from 248.9 million barrels to 251.1, while gasoline production decreased last week, averaging 9.2 million barrels per day.
At the close of Wednesday’s formal trading session, WTI dropped $1.67 to settle at $71.03 a barrel. The EIA reports that crude oil inventories increased by 8.7 million barrels from the previous week. At 423.8 million barrels, U.S. crude oil inventories are about 5% below the five-year average for this time of year.
Fuel Prices Around the State:
Fresno: $4.44
Oakland: $4.54
Sacramento: $4.50
San Jose: $4.50
San Francisco: $4.68
Stockton: $4.37
