Gas Prices Near $3 in California Cities
The national average price for a gallon of regular gasoline fell 2.8 cents in the past week to $2.136. The most common price was unchanged at $1.999 and the average difference between the highest 5% of prices and the lowest…
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The national average price for a gallon of regular gasoline fell 2.8 cents in the past week to $2.136. The most common price was unchanged at $1.999 and the average difference between the highest 5% of prices and the lowest 5% prices is $1.166. One year ago a gallon of regular gas averaged $2.668 in the U.S.
The 12 U.S. cities with the highest gasoline prices are all located in California, and 8 of those cities report gasoline prices above $2.75 a gallon according to GasBuddy:
- San Francisco: $2.884
- Santa Barbara: $2.806
- Bakersfield: $2.775
- San Diego: $2.772
- Los Angeles: $2.770
- Ventura: $2.756
- San Jose: $2.752
- Orange County: $2.750
That’s a total of more than 12 million people who may be among the first in the country to pay $3 for a gallon of gas this driving season.
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The five states where gasoline is most expensive are Hawaii ($2.742), California ($2.733), Washington ($2.622), Alaska ($2.581), and Oregon ($2.489).
An interesting story out of Hawaii last week. Par Hawaii, one of the largest retail gasoline station owners in the state, just christened a former Tesoro station with its new Hele brand. To celebrate, the station sold gas for $1.99 a gallon for four hours on Saturday. The company plans to convert a total of 37 gas stations to the new brand according to Pacific Business News.
The five U.S. cities where gasoline prices are lowest are Chattanooga, Tennessee ($1.745), Myrtle Beach, South Carolina ($1.795), Columbia, South Carolina ($1.829), Lubbock, Texas ($1.834), and Spartanburg, South Carolina ($1.834).
The five states where gasoline is cheapest are South Carolina ($1.837), Alabama ($1.881), Oklahoma ($1.884), Tennessee ($1.887), and Mississippi ($1.905).
Among U.S. gas stations, 100% are selling gas for $1.50 or more while 58.4% are selling gas for $2.00 to $2.25 a gallon and 25.1% are selling gas for more than $2.25 a gallon.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
