California gasoline prices beginning to inch down

LOS ANGELES
December 1, 2017 4:32am
Comment Print Email

•  But the downward trend is not offsetting the state’s tax hike

•  “That’s unlikely to happen before the end of 2017”


The prices California drivers are paying for gasoline are beginning to inch down ever so slightly, according to price surveys Friday.

“Los Angeles wholesale gasoline prices continue to leave some room for further price drops at local stations, although oil prices are still trading near a two-year high of almost $60 a barrel,” says Jeffrey Spring, a spokesman for the Automobile Club of Southern California.

In addition to higher oil prices, Californians were slammed with a 12-cents per gallon tax hike on November 1.

“To get to the prices that …motorists were paying on Halloween, we would have to see the average drop by about 15 more cents a gallon in most areas. That’s unlikely to happen before the end of 2017 if prices continue dropping this slowly,” Mr. Spring says.

The national average price for a gallon of gas on December 1 is $2.490, down 2.8 cents since last Friday. California’s average price is currently $3.176, down two cents from seven days ago, AAA says.

Today’s Regional Prices

Following are the Central Valley average prices for Friday, December 1, driving from south to north, as reported by the American Automobile Association, with last week’s (November 24) averages in parentheses and [November 17] prices in brackets:

• Bakersfield, $3.205 ($3.232) [$3.215]

• Visalia-Porterville, $3.177 ($3.176) [$3.198]

• Fresno, $3.164 ($3.184) [$3.199]

• Merced, $3.126 ($3.133) [$3.150]

• Modesto, $2.994 ($3.010) [$3.023]

• Stockton-Lodi, $3.044 ($3.069) [$3.078]

• Sacramento, $3.060 ($3.076) [$3.090]

• Yolo, $3.001 ($3.032) [$3.051]

• Yuba City, $2.957 ($2.986) [$2.992]

• Chico, $2.959 ($2.986) [$3.021]

The market average price for self-serve regular gasoline in the Los Angeles-Long Beach area on December 1 is $3.215, down 2.6 cents since last Friday. In San Diego, the average price is $3.190, down 2.3 cents over the past seven days, the AAA says.

California’s highest average price on December 1 is -- no surprise -- in San Luis Obispo, where it’s $3.307, a drop of 1.1 cents cents over the past week, according to AAA’s data. SLO is just three-tenths of a cent higher than the average in San Francisco. However, remote Trinity County, one of the state’s least populated areas, has an average price for a gallon of gas on December 1 of just over $3.70, the Auto Club says.

Yuba City has regained its customary title of having the state’s lowest average price. On December 1 it is $2.957, down 2.9 cents in a week. It is two-tenths of a cent less than this week’s average in neighboring Chico, the AAA data show.

California’s lowest reported price for a gallon of gas on December 1 $2.519 per gallon -- cash, not credit -- at an independent in Chowchilla, according to the price comparison website GasBuddy.com. That’s 11 cents less than the lowest price its volunteers reported last week.

What might be the nation’s lowest price for a gallon of gas found on December 1 by GasBuddy’s army of price spotters is $1.939. While that is 14 cents more than what was found a week ago, at least this week’s price has been spotted at two locations in Katy, Texas, and three in Oklahoma City, Oklahoma, says GasBuddy.

Methodologies

GasBuddy bases its figures on reports from volunteer “price spotters” reporting specific locations in the U.S. and Canada. They are not independently confirmed.

The AAA’s prices are market averages for self-serve regular grade (87 octane) gasoline. They are calculated daily from credit card purchases and compiled by the Oil Price Information Service and Wex Inc., formerly known as Wright Express.

Not every station is surveyed and not every market is included in either report. Both price surveys note that there can be wide variations within any market.


Comment Print Email










  • How to compete against Wal-Mart
  • Stockton mom turns a need into a business
  • The entrepreneur is in
  • Writing her own success story
  • Growing a small business the family way
  • The future pencils positive for this company
  • Niche marketing -- Italian style
  • Sipping success with niche marketing
  • Roasting a business out of his passion
  • Success as an independent consultant takes more than expertise
  • Avoiding the traps of employee law violations
  • Cracking the voice-over market
  • The American Dream realized, one package at a time
  • Female winemaker plunges into business
  • A new take on nurse education
  • Family sees moving business success
  • STEM thrives in pockets of education innovation
  • STEM goes solar in Stockton
  • Quick! There’s a robot in my pool
  • Retiring seniors can mean new business
  • Predawn biotech class trains next generation of science workers
  • Staying ahead of the competition the old fashioned way
  • Central Valley sees mismatch between high-tech jobs and job seekers
  • STEM starts young
  • Get ready – the future is here now
  • STEM Education: Growing the Valley's Future
  • They’re low power in wattage only, not ideas
  • Thinking success spawns Successful Thinkers
  • Small business success can mean finding the right niche
  • This franchise has real muscle behind it
  • Getting the scoop on small business success
  • Reshoring could rebuild America's manufacturing
  • Marketing that’s deliberately anchored to the past
  • Guitar artist plays his way to success
  • Paralysis no handicap for this entrepreneur
  • Boost sales with better communication
  • Making sandwiches sexy with a franchise
  • Going solar without spending a lot of money
  • They’re cute and cuddly. But are they a business?
  • Opportunity sails forth in the Delta
  • How bad etiquette on the job could kill your career
  • Growing their way out of hunger and poverty
  • Finding small business success from floor to ceiling
  • Why he’s public enemy #1 – for gophers
  • Running a home-based business successfully
  • Your boss needs a vacation – really
  • Couple makes transition from big corporations to small business
  • Carving a small business niche with a better idea
  • Calm is the goal of computer service and education franchisor
  • Developer squeezing new life into downtown with juice franchise
  • Signs of a recovering economy
  • How to keep a family business in the family
  • Ford dealership expands despite the Great Recession
  • Utility Telephone connects with customer service
  • Crowdfunding basics
  • The roar from crowdfunding is getting louder
  • California water wars’ bulldog
  • Water wars heat up in California
  • Helping businesses grow with a stronger STEM
  • How to retain your best employees
  • Small business runs success up the pole
  • Winery expands in Lodi
  • Lodi wineries tapping into growing Chinese market
  • Has the jobs picture brightened for the Valley for 2012?
  • The right education will be needed for 21st Century jobs
  • Where new jobs for San Joaquin will come from
  • Developing jobs for San Joaquin – Part 2
  • Developing jobs for San Joaquin
  • Fruits of his labor
  • Helping grow food security in the Valley of plenty
  • Doing a business turnaround despite the recession
  • Keeping customers loyal helps build her business
  • Expo exposes businesses to utility contracting ideas
  • Drink mix maker taps expertise to blend success
  • Entrepreneur finds success in a basket
  • Tips for catching resume fraud
  • There’s no checking out for this small business owner
  • Entrepreneurs take Valley sports play-by-play to the world
  • Starting a winery from scratch
  • Job hunting tips for the long-term unemployed
  • In the Central Valley, opera isn’t always the Grand Ole Opry
  • Branding ideas for small businesses
  • The ump’s not blind, but the players are
  • Finding success by tapping your brain in a new way - Part Two
  • Finding success by tapping your brain in a new way
  • Machines talking to machines is the future
  • Getting involved in the fight against AIDS
  • Franchised divorce says it’s a better way
  • Small business owner is brewing a success story
  • To beat the Great Recession, they’ve expanded
  • Taking a swing at strokes
  • Alert your taste buds – here comes Taste of San Joaquin
  • This franchise has real muscle behind it
  • Passion for his city drives him
  • Vicente Fox speaks out on U.S.-Mexico relations
  • Give your support staff recognition and reap top performance
  • Central Valley baker gets top honors for Royal Wedding pie
  • Asparagus Festival ends on high note
  • Stockton close to annual ‘tipping’ point
  • Framing small business success
  • Small business sees Affordable Care Act helping its bottom line
  • What you eat – and when – helps local restaurants
  • Coping with the aftermath of foreclosure
  • How to raise charming children
  • Central Valley grad school goes all-iPads
  • Solution to Delta water wars voiced
  • Making sure your personal bottom line is covered
  • Small California winemaker is all family
  • Small winery relies on family and innovation to compete
  • Central Valley company says it has a better way to store solar power
  • What’s wrong -- and right -- about local TV news
  • What planning means to small business success
  • Making the leap to small business
  • Out of work at middle age? Experts offer advice
  • Small business marketing, one article at a time
  • Congress on your corner as it’s supposed to be
  • Central Valley city’s heritage rediscovered
  • Central Valley school is building students’ foundations
  • Job tips from the expert
  • Long-term jobless worker re-invents himself
  • Building a new power plant means jobs for Central Valley
  • Sacramento reaches for the stars with new science center
  • Lodi Chamber opens China’s doors to small business
  • Writing books for fun – and sometimes profit
  • Black Friday shopping? How to protect yourself from scams
  • California winemakers can find added rewards overseas
  • Wine makers tap overseas markets from Lodi
  • A new revenue stream for Central Valley small businesses
  • Food bank seeks more business support
  • Tips for finding a job in the Great Recession
  • State may solve some of its prison woes with new Stockton facility
  • A solution to underwater mortgages
  • Should public libraries be managed by private firms?
  • Central Valley moves ahead with critical water project
  • Dee Dee Myers and the increasing impact of women on small business
  • How women are growing their small businesses
  • A market with a mission
  • Retailer 'paints' solutions to cash flow challenge
  • An answer for the unemployed – return to school
  • A ‘golden’ small business success story
  • Central Valley winegrapes blessed
  • Rubbing out the recession with a franchise
  • Surviving the recession as a small business
  • It’s personal, union says of Stockton fire cuts
  • How old it too old to start a new business?
  • They've found the recipe for small business success
  • MBA students help revive Central Valley farmers market
  • Classic wooden yachts anchor in Stockton for weekend
  • Foreclosures, short sales – a bank president comments
  • The strength of family helps this small business compete
  • Festival spears success in Central Valley
  • Social media helps keep family business prospering
  • Central Valley students get training in ‘green’ futures
  • Knives readied as Valley cities slash services
  • Central Valley jobless picture still grim
  • Delta residents told to ready for water war
  • Opportunities outlined for Central Valley small businesses
  • Rewiring your brain for success
  • Central Valley no longer ‘shell shocked’ by recession
  • To fix California’s government, look to London
  • Taking your sales pitch to the next level