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Bay Area gas prices have dropped more than $1-per-gallon in the last month, with gas prices plummeting nationwide and the price per gallon averaging below $2 in four states outside of California, according to the American Automobile Association.
The average price in California for a gallon of regular unleaded gas is $2.52, a decrease of 94 cents from Oct. 14.
AAA reports the average price of unleaded gas in the Bay Area is $2.62 per gallon, down $1.01, and the national average is $2.22, down 94 cents from last month.
The average price of gas in San Francisco is $2.57 per gallon; $2.64 in Oakland; $2.48 in Santa Rosa; $2.66 in San Mateo; and $2.49 in San Jose.
Alaska has the country’s highest average gas price, at $3.36 per gallon.
Among the lower 48 states, the most expensive gas is in Tahoe City, Calif., where a gallon of unleaded costs $2.99.
AAA officials have attributed the drop in prices to a downturn in the economy and a lack of demand, which has pushed the price of crude oil down by about 56 percent since July, when the price per barrel reached a record high of more than $147.
“The crude oil price is simply in response to a lack of demand and the economic trouble being felt around the world,” AAA Northern California spokeswoman Cynthia Harris said in a prepared statement. “The question that is still unanswered is how low prices will go before motorists decide to drive more and push demand back up.”
According to a study conducted by the association in Nevada, Northern California and Utah, nearly 70 percent of AAA members surveyed reported driving less because of high gas prices. More than half reported looking for a new vehicle to drive and more than 25 percent were considering a hybrid or more fuel-efficient gas-powered vehicle.
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As long as America doesn’t start thanking Obama for this, then let’s just enjoy the downward trend for a change.
Resident,
You used the “change” word darn it. Bad bad.
Always drops one month before election time. Wait just one more month.
It will be back up.
Then of course there are ads that put acid on your wounds that say: “Will you join us”
the fact is, people are inspired after the worst 8 years of recession, war and spite…yes i will spend, buy gas and bubble gum with new leadership because i know that the next 4 years people will have more on their minds than hate and self riotousness…gas will go up and the suburbs will go down and well…my only advice is pay too much to live in a city and buy a bike…no yard but you have peace of mind.thanx.
pt. 2 in front of my house in san francisco proper the gas station sign reads 2.29 and that isn’t even the cheapest.
dear change:
you haven’t a clue, do you?
keep watching the “inspired” market spiral downward..and you are about to see what a REAL recession is. Prepare for another set of Carter years. Obama saying this is the worst financial crisis “since the depression” was so absurd, and simply underscored how young and how uninformed he is.
The last 8 years have seen incredible growth economically IN SPITE of the wars and 9/11, and the constant fear mongering of the left. It is no shock that it is spiraling down now
won’t be surprised at another war, either, and this time not one as clear cut in objectives as the two we have just about wound up. ( assuming this admin doesn’t back “talking to” the Taliban in Afghanistan and weaseling out of Iraq after they just voted overwhelmingly to ask us to stay till 2011)
Actually, Perspective, the Iraqi parliment members are engaging in fistfights over the security agreement, not voting overwhelmingly for it.
When the percentage of approval votes is higher than that by which we just elected BO, who is proclaimed to have a “mandate”, then I submit that you are absolutely wrong.
BTW, please submit proof of “fistfights” and the data that shows the votes are NOT super majority..( which they are).